Woodmont Investment Counsel LLC Sells 1,366 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Woodmont Investment Counsel LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,859 shares of the company’s stock after selling 1,366 shares during the period. Woodmont Investment Counsel LLC’s holdings in Palantir Technologies were worth $2,604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in shares of Palantir Technologies by 15.0% during the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company’s stock valued at $4,191,000 after purchasing an additional 6,479 shares in the last quarter. Pitcairn Co. bought a new position in shares of Palantir Technologies during the fourth quarter valued at $281,000. Sagespring Wealth Partners LLC raised its position in shares of Palantir Technologies by 36.3% in the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company’s stock worth $2,030,000 after purchasing an additional 6,405 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Palantir Technologies in the 4th quarter worth about $52,033,000. Finally, CX Institutional purchased a new stake in Palantir Technologies during the 1st quarter valued at about $62,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the topic of several analyst reports. Daiwa Capital Markets started coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Daiwa America raised Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Finally, Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the stock a “buy” rating in a research note on Thursday, June 12th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $89.32.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 405,000 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the sale, the insider now owns 702,786 shares in the company, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the transaction, the insider now owns 403,171 shares in the company, valued at $33,382,558.80. The trade was a 19.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,506,925 shares of company stock valued at $188,456,658. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Down 1.9%

PLTR opened at $137.30 on Friday. The company has a market capitalization of $324.02 billion, a PE ratio of 596.96, a price-to-earnings-growth ratio of 11.95 and a beta of 2.64. The firm has a 50-day simple moving average of $120.65 and a two-hundred day simple moving average of $97.09. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $144.86.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $883.86 million during the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies 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.