America First Investment Advisors LLC Trims Holdings in Palantir Technologies Inc. (NYSE:PLTR)

America First Investment Advisors LLC trimmed its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,185,242 shares of the company’s stock after selling 37,698 shares during the quarter. Palantir Technologies accounts for 7.4% of America First Investment Advisors LLC’s portfolio, making the stock its 2nd largest position. America First Investment Advisors LLC’s holdings in Palantir Technologies were worth $30,022,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Palantir Technologies by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 196,834,580 shares of the company’s stock worth $4,529,164,000 after buying an additional 3,029,317 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Palantir Technologies by 15.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,571,224 shares of the company’s stock worth $335,284,000 after acquiring an additional 1,980,495 shares during the period. ARK Investment Management LLC lifted its position in Palantir Technologies by 2.2% in the 2nd quarter. ARK Investment Management LLC now owns 13,023,099 shares of the company’s stock valued at $329,875,000 after acquiring an additional 277,623 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Palantir Technologies by 19.2% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 9,829,631 shares of the company’s stock worth $226,180,000 after purchasing an additional 1,580,548 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Palantir Technologies by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,326,275 shares of the company’s stock worth $185,575,000 after purchasing an additional 292,885 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NYSE:PLTR opened at $34.75 on Wednesday. Palantir Technologies Inc. has a 52-week low of $13.68 and a 52-week high of $35.20. The company has a market capitalization of $77.38 billion, a P/E ratio of 289.58, a price-to-earnings-growth ratio of 5.35 and a beta of 2.72. The company has a 50-day simple moving average of $29.16 and a 200 day simple moving average of $25.27.

Palantir Technologies (NYSE:PLTR) last released 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 net margin of 16.32% and a return on equity of 8.88%. The business had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. During the same period in the previous year, the business earned $0.01 earnings per share. The business’s quarterly revenue was up 27.2% on a year-over-year basis. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Alexander D. Moore sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total transaction of $617,800.00. Following the completion of the sale, the director now owns 1,510,630 shares in the company, valued at approximately $46,663,360.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total value of $617,800.00. Following the transaction, the director now directly owns 1,510,630 shares of the company’s stock, valued at approximately $46,663,360.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric H. Woersching sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. Following the sale, the director now owns 32,843 shares of the company’s stock, valued at $853,918. The disclosure for this sale can be found here. Insiders sold 698,649 shares of company stock valued at $21,453,996 in the last quarter. 12.93% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Northland Securities initiated coverage on Palantir Technologies in a research report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. DA Davidson increased their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Mizuho lowered shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $21.00 to $22.00 in a research note on Tuesday, July 16th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average price target of $26.79.

Palantir Technologies 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.