Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Hedeker Wealth LLC

Hedeker Wealth LLC lessened its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 0.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 496,861 shares of the company’s stock after selling 2,400 shares during the quarter. Palantir Technologies makes up approximately 3.3% of Hedeker Wealth LLC’s investment portfolio, making the stock its 6th largest holding. Hedeker Wealth LLC’s holdings in Palantir Technologies were worth $11,433,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PLTR. Federated Hermes Inc. acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $83,000. O Shaughnessy Asset Management LLC grew its position in shares of Palantir Technologies by 111.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 28,180 shares of the company’s stock worth $451,000 after buying an additional 14,843 shares during the period. Bank of Nova Scotia grew its position in shares of Palantir Technologies by 13.3% during the 3rd quarter. Bank of Nova Scotia now owns 39,045 shares of the company’s stock worth $625,000 after buying an additional 4,595 shares during the period. Teza Capital Management LLC grew its position in shares of Palantir Technologies by 200.3% during the 3rd quarter. Teza Capital Management LLC now owns 47,609 shares of the company’s stock worth $762,000 after buying an additional 31,757 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of Palantir Technologies by 76,089.5% in the 3rd quarter. Lazard Asset Management LLC now owns 43,428 shares of the company’s stock worth $694,000 after purchasing an additional 43,371 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In other news, Director Peter Thiel sold 6,285,833 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total transaction of $134,076,817.89. Following the completion of the sale, the director now owns 64,520,599 shares of the company’s stock, valued at $1,376,224,376.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Palantir Technologies news, Director Eric H. Woersching sold 26,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $23.32, for a total value of $606,320.00. Following the completion of the transaction, the director now owns 38,843 shares in the company, valued at $905,818.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter Thiel sold 6,285,833 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total value of $134,076,817.89. Following the completion of the transaction, the director now owns 64,520,599 shares of the company’s stock, valued at approximately $1,376,224,376.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,372,153 shares of company stock valued at $239,941,245. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Trading Up 0.9 %

Shares of PLTR traded up $0.23 during trading hours on Wednesday, reaching $26.06. 5,839,644 shares of the company’s stock traded hands, compared to its average volume of 56,002,633. The stock has a market cap of $58.03 billion, a PE ratio of 216.43, a price-to-earnings-growth ratio of 5.85 and a beta of 2.71. The firm’s 50 day simple moving average is $22.81 and its 200-day simple moving average is $21.65. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $27.50.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $634.34 million during the quarter, compared to analyst estimates of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. As a group, analysts expect that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on PLTR. Citigroup increased their target price on Palantir Technologies from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. HSBC raised their price objective on Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, May 7th. Bank of America raised their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Mizuho raised their price objective on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Finally, William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.25.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.