United Advisor Group LLC Sells 3,183 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

United Advisor Group LLC decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 98,025 shares of the company’s stock after selling 3,183 shares during the quarter. Palantir Technologies makes up 1.5% of United Advisor Group LLC’s investment portfolio, making the stock its 12th largest position. United Advisor Group LLC’s holdings in Palantir Technologies were worth $7,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Roxbury Financial LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth $27,000. HighMark Wealth Management LLC grew its stake in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares during the period. Sierra Ocean LLC bought a new position in Palantir Technologies in the 4th quarter worth about $31,000. R Squared Ltd bought a new position in Palantir Technologies in the 4th quarter worth about $33,000. Finally, First Command Advisory Services Inc. bought a new position in Palantir Technologies in the 4th quarter worth about $34,000. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on PLTR shares. Northland Securities raised their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Robert W. Baird raised their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Bank of America raised their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Finally, Daiwa Capital Markets started coverage on Palantir Technologies in a research note on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 target price for the company. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $83.95.

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 1,708 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $215,874.12. Following the sale, the insider now directly owns 34,468 shares in the company, valued at approximately $4,356,410.52. This trade represents a 4.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.43, for a total value of $2,772,900.00. Following the completion of the sale, the insider now owns 702,786 shares in the company, valued at approximately $64,958,509.98. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,931,701 shares of company stock valued at $373,180,433 in the last ninety days. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $123.31 on Friday. The business’s 50 day simple moving average is $102.66 and its two-hundred day simple moving average is $87.81. The stock has a market capitalization of $289.21 billion, a P/E ratio of 649.03, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a one year low of $20.64 and a one year high of $133.49.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business’s quarterly revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies Company 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.