Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Foster Group Inc.

Foster Group Inc. decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,040 shares of the company’s stock after selling 7,825 shares during the quarter. Foster Group Inc.’s holdings in Palantir Technologies were worth $4,919,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its position in shares of Palantir Technologies by 20.9% in the second quarter. Thrivent Financial for Lutherans now owns 52,732 shares of the company’s stock valued at $1,336,000 after purchasing an additional 9,109 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Palantir Technologies by 14.9% in the second quarter. ProShare Advisors LLC now owns 13,100 shares of the company’s stock valued at $332,000 after purchasing an additional 1,702 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at approximately $381,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Palantir Technologies by 23.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 784,823 shares of the company’s stock valued at $19,880,000 after purchasing an additional 146,652 shares in the last quarter. Finally, Quarry LP grew its position in shares of Palantir Technologies by 193.1% in the second quarter. Quarry LP now owns 4,200 shares of the company’s stock valued at $106,000 after purchasing an additional 2,767 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total transaction of $999,200.00. Following the sale, the insider now directly owns 562,006 shares of the company’s stock, valued at $28,077,819.76. This represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,181,807 shares of company stock valued at $1,288,448,522. Company insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PLTR. Baird R W upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Morgan Stanley reiterated an “underweight” rating and issued a $60.00 price objective on shares of Palantir Technologies in a research report on Monday, January 6th. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Northland Securities increased their price objective on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Finally, Wedbush increased their price objective on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.61.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $80.23 on Wednesday. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80. The company has a market capitalization of $182.77 billion, a P/E ratio of 401.17, a P/E/G ratio of 7.08 and a beta of 2.82. The business has a 50 day moving average price of $72.59 and a 200 day moving average price of $49.89.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. Palantir Technologies’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 EPS. As a group, research analysts expect that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal 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.