RKL Wealth Management LLC Sells 150 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

by · The Cerbat Gem

RKL Wealth Management LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 2.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,539 shares of the company’s stock after selling 150 shares during the period. RKL Wealth Management LLC’s holdings in Palantir Technologies were worth $467,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its holdings in shares of Palantir Technologies by 66.5% during the 1st quarter. Vontobel Holding Ltd. now owns 187,224 shares of the company’s stock worth $15,802,000 after acquiring an additional 74,805 shares during the period. Astoria Portfolio Advisors LLC. acquired a new position in Palantir Technologies in the first quarter worth about $265,000. Mather Group LLC. lifted its stake in Palantir Technologies by 834.7% during the first quarter. Mather Group LLC. now owns 8,319 shares of the company’s stock worth $702,000 after purchasing an additional 7,429 shares during the period. Alta Advisers Ltd boosted its holdings in Palantir Technologies by 57.2% during the first quarter. Alta Advisers Ltd now owns 10,722 shares of the company’s stock valued at $905,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $205,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on PLTR shares. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Mizuho boosted their target price on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an “underperform” rating in a research note on Wednesday, June 11th. Morgan Stanley upped their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Finally, Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the company a “buy” rating in a research report on Thursday, June 12th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $89.32.

Check Out Our Latest Analysis on PLTR

Palantir Technologies Stock Up 4.3%

Shares of PLTR opened at $136.32 on Tuesday. The stock’s fifty day simple moving average is $126.15 and its 200-day simple moving average is $100.23. The firm has a market capitalization of $321.70 billion, a PE ratio of 592.70, a price-to-earnings-growth ratio of 11.16 and a beta of 2.64. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $148.22.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The firm 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 company’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS. Analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 405,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider owned 702,786 shares of the company’s stock, valued at $92,823,974.88. This represents a 36.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 35,480 shares of Palantir Technologies stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $4,484,317.20. Following the sale, the insider directly owned 367,691 shares of the company’s stock, valued at approximately $46,472,465.49. This trade represents a 8.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,408,748 shares of company stock valued at $180,327,603. 12.93% of the stock is currently owned by company insiders.

About Palantir Technologies

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR – Free Report).