CENTRAL TRUST Co Sells 154 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

CENTRAL TRUST Co trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,149 shares of the company’s stock after selling 154 shares during the period. CENTRAL TRUST Co’s holdings in Palantir Technologies were worth $692,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PLTR. Valley National Advisers Inc. boosted its position in Palantir Technologies by 181.3% in the 4th quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock valued at $38,000 after buying an additional 330 shares during the last quarter. McAdam LLC lifted its stake in shares of Palantir Technologies by 13.7% during the fourth quarter. McAdam LLC now owns 6,815 shares of the company’s stock valued at $515,000 after acquiring an additional 821 shares during the period. WFA Asset Management Corp acquired a new stake in Palantir Technologies in the fourth quarter worth about $59,000. Greenleaf Trust raised its holdings in Palantir Technologies by 20.6% during the 4th quarter. Greenleaf Trust now owns 79,539 shares of the company’s stock worth $6,016,000 after purchasing an additional 13,567 shares during the last quarter. Finally, Nadler Financial Group Inc. acquired a new position in Palantir Technologies during the 4th quarter valued at about $260,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $83.74 on Tuesday. The business has a 50-day moving average of $73.71 and a 200-day moving average of $51.00. The stock has a market capitalization of $190.76 billion, a price-to-earnings ratio of 418.72, a PEG ratio of 7.54 and a beta of 2.82. Palantir Technologies Inc. has a fifty-two week low of $16.48 and a fifty-two week high of $85.22.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. Palantir Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PLTR shares. Morgan Stanley reissued an “underweight” rating and set a $60.00 price target on shares of Palantir Technologies in a research note on Monday, January 6th. Wedbush lifted their price objective on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group initiated coverage on Palantir Technologies in a research note on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price target for the company. Finally, Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $44.61.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $55.03, for a total value of $247,635,000.00. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $353,967,157.74. This trade represents a 41.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the transaction, the insider now owns 592 shares of the company’s stock, valued at approximately $42,002.40. This represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,153,753 shares of company stock worth $1,287,042,675. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.