Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC reduced its position in Palantir Technologies Inc. (NYSE:PLTR) by 1.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,550 shares of the company’s stock after selling 370 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Palantir Technologies were worth $673,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Fortis Capital Management LLC lifted its holdings in shares of Palantir Technologies by 17.4% in the 2nd quarter. Fortis Capital Management LLC now owns 10,900 shares of the company’s stock valued at $276,000 after buying an additional 1,613 shares during the period. KG&L Capital Management LLC raised its position in Palantir Technologies by 70.8% in the second quarter. KG&L Capital Management LLC now owns 36,207 shares of the company’s stock worth $917,000 after acquiring an additional 15,003 shares in the last quarter. Bank Hapoalim BM acquired a new stake in Palantir Technologies in the second quarter valued at $261,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth $209,000. Finally, Atria Wealth Solutions Inc. grew its stake in shares of Palantir Technologies by 8.5% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 256,385 shares of the company’s stock worth $6,494,000 after purchasing an additional 20,063 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, Director Eric H. Woersching sold 26,000 shares of Palantir Technologies stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $23.32, for a total value of $606,320.00. Following the sale, the director now directly owns 38,843 shares in the company, valued at approximately $905,818.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Eric H. Woersching sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $24.24, for a total value of $72,720.00. Following the completion of the sale, the director now owns 35,843 shares of the company’s stock, valued at $868,834.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric H. Woersching sold 26,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $23.32, for a total transaction of $606,320.00. Following the transaction, the director now directly owns 38,843 shares in the company, valued at approximately $905,818.76. The disclosure for this sale can be found here. Insiders have sold 714,648 shares of company stock valued at $21,567,539 over the last three months. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 1.9 %

NYSE PLTR traded down $0.61 during trading hours on Thursday, reaching $31.93. 43,377,114 shares of the company traded hands, compared to its average volume of 55,389,563. The company has a 50 day moving average of $27.48 and a two-hundred day moving average of $24.53. The stock has a market capitalization of $71.49 billion, a PE ratio of 266.06, a PEG ratio of 5.66 and a beta of 2.71. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $33.13.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, August 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 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 during the quarter, compared to analyst estimates of $653.23 million. During the same quarter last year, the firm earned $0.01 EPS. The business’s revenue was up 27.2% on a year-over-year basis. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on PLTR shares. Northland Securities started coverage on Palantir Technologies in a research note on Thursday. They issued a “market perform” rating and a $35.00 price objective for the company. DA Davidson boosted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Raymond James increased their price objective on shares of Palantir Technologies from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $23.93.

Palantir Technologies Company Profile

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.