Kingswood Wealth Advisors LLC Sells 6,604 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Kingswood Wealth Advisors LLC reduced its position in Palantir Technologies Inc. (NYSE:PLTR) by 31.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,417 shares of the company’s stock after selling 6,604 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Palantir Technologies were worth $332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Halpern Financial Inc. lifted its holdings in shares of Palantir Technologies by 44.0% during the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after acquiring an additional 440 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of Palantir Technologies by 16.9% in the first quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company’s stock valued at $74,000 after buying an additional 463 shares in the last quarter. Fiduciary Alliance LLC increased its stake in shares of Palantir Technologies by 1.0% in the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock valued at $1,044,000 after buying an additional 618 shares in the last quarter. West Paces Advisors Inc. increased its stake in shares of Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after buying an additional 620 shares in the last quarter. Finally, AXS Investments LLC increased its stake in shares of Palantir Technologies by 1.5% in the fourth quarter. AXS Investments LLC now owns 42,264 shares of the company’s stock valued at $726,000 after buying an additional 626 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PLTR shares. Wedbush restated an “outperform” rating and issued a $35.00 target price on shares of Palantir Technologies in a research note on Monday, May 6th. Argus started coverage on Palantir Technologies in a research note on Monday, June 17th. They issued a “buy” rating and a $29.00 target price for the company. Monness Crespi & Hardt lowered Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price for the company. in a research note on Friday, June 21st. Royal Bank of Canada raised their target price on Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a research note on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday, May 7th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average price target of $21.25.

Palantir Technologies Trading Up 0.4 %

Shares of PLTR opened at $25.33 on Friday. Palantir Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $27.50. The stock has a market cap of $56.41 billion, a P/E ratio of 211.10, a price-to-earnings-growth ratio of 5.56 and a beta of 2.70. The stock’s 50-day moving average price is $22.63 and its two-hundred day moving average price is $21.48.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The business had revenue of $634.34 million for the quarter, compared to analysts’ expectations of $614.88 million. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Insider Activity

In other news, insider Heather A. Planishek sold 10,907 shares of Palantir Technologies stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $21.43, for a total transaction of $233,737.01. Following the transaction, the insider now owns 651,099 shares in the company, valued at approximately $13,953,051.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Palantir Technologies news, insider Heather A. Planishek sold 2,398 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total value of $51,077.40. Following the sale, the insider now owns 639,696 shares in the company, valued at approximately $13,625,524.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather A. Planishek sold 10,907 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $21.43, for a total value of $233,737.01. Following the completion of the sale, the insider now owns 651,099 shares in the company, valued at approximately $13,953,051.57. The disclosure for this sale can be found here. Insiders have sold 11,377,153 shares of company stock worth $240,054,945 in the last 90 days. Corporate insiders own 12.93% of the company’s stock.

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.