Fielder Capital Group LLC Sells 5,726 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Fielder Capital Group LLC trimmed its position in Palantir Technologies Inc. (NYSE:PLTR) by 9.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,300 shares of the company’s stock after selling 5,726 shares during the quarter. Fielder Capital Group LLC’s holdings in Palantir Technologies were worth $1,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Claro Advisors LLC grew its holdings in Palantir Technologies by 14.1% in the 2nd quarter. Claro Advisors LLC now owns 17,576 shares of the company’s stock valued at $445,000 after buying an additional 2,178 shares in the last quarter. Interchange Capital Partners LLC grew its holdings in Palantir Technologies by 19.7% in the 2nd quarter. Interchange Capital Partners LLC now owns 18,252 shares of the company’s stock valued at $462,000 after buying an additional 3,002 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in Palantir Technologies by 16.3% in the 2nd quarter. Aptus Capital Advisors LLC now owns 12,936 shares of the company’s stock valued at $328,000 after buying an additional 1,811 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Palantir Technologies by 42.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 11,278 shares of the company’s stock worth $292,000 after purchasing an additional 3,341 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Palantir Technologies by 83.1% during the 2nd quarter. Van ECK Associates Corp now owns 2,919,243 shares of the company’s stock worth $73,945,000 after purchasing an additional 1,324,853 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 1.5 %

Palantir Technologies stock traded up $0.48 during trading hours on Friday, hitting $31.48. The stock had a trading volume of 42,388,023 shares, compared to its average volume of 56,472,148. Palantir Technologies Inc. has a one year low of $13.68 and a one year high of $33.13. The stock has a market cap of $70.50 billion, a price-to-earnings ratio of 262.36, a P/E/G ratio of 5.55 and a beta of 2.71. The business’s 50 day simple moving average is $28.21 and its 200-day simple moving average is $24.88.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The company had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. During the same quarter last year, the business earned $0.01 earnings per share. Palantir Technologies’s revenue was up 27.2% compared to the same quarter last year. Research analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, Director Alexander D. Moore sold 20,422 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $22.94, for a total transaction of $468,480.68. Following the completion of the sale, the director now owns 1,587,707 shares of the company’s stock, valued at $36,421,998.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Shyam Sankar sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total transaction of $1,617,500.00. Following the completion of the sale, the insider now owns 752,786 shares of the company’s stock, valued at $24,352,627.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexander D. Moore sold 20,422 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $22.94, for a total value of $468,480.68. Following the completion of the sale, the director now directly owns 1,587,707 shares of the company’s stock, valued at approximately $36,421,998.58. The disclosure for this sale can be found here. Insiders sold 714,648 shares of company stock worth $21,567,539 over the last ninety days. 12.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PLTR shares. Northland Capmk raised Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. HSBC increased their target price on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, May 7th. Raymond James increased their target price on Palantir Technologies from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, August 6th. Mizuho lowered Palantir Technologies from a “neutral” rating to an “underperform” rating and increased their target price for the stock from $21.00 to $22.00 in a report on Tuesday, July 16th. Finally, Monness Crespi & Hardt reduced their target price on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.00.

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.