Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,913 shares of the company’s stock after selling 1,452 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in Palantir Technologies were worth $1,809,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Wolff Wiese Magana LLC boosted its position in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares during the period. Financial Management Professionals Inc. grew its stake in shares of Palantir Technologies by 171.5% in the fourth quarter. Financial Management Professionals Inc. now owns 543 shares of the company’s stock worth $41,000 after purchasing an additional 343 shares in the last quarter. Trivant Custom Portfolio Group LLC increased its holdings in shares of Palantir Technologies by 313.3% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 620 shares of the company’s stock valued at $47,000 after purchasing an additional 470 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Palantir Technologies during the third quarter valued at about $25,000. Finally, Prestige Wealth Management Group LLC grew its position in Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after buying an additional 650 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 8,054 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $50.49, for a total value of $406,646.46. Following the completion of the sale, the director now owns 130,250 shares of the company’s stock, valued at $6,576,322.50. The trade was a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $71.77 on Tuesday. The firm’s 50 day moving average price is $70.49 and its two-hundred day moving average price is $47.47. The firm has a market cap of $163.49 billion, a PE ratio of 358.87, a P/E/G ratio of 6.66 and a beta of 2.82. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same period last year, the company earned $0.03 earnings per share. Palantir Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. Equities analysts anticipate that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

Analyst Ratings Changes

PLTR has been the subject of several recent analyst reports. Northland Securities increased their price objective on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Morgan Stanley reiterated an “underweight” rating and set a $60.00 price target on shares of Palantir Technologies in a research report on Monday, January 6th. DA Davidson upped their price objective on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wedbush boosted their price target on shares of Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Finally, UBS Group started coverage on shares of Palantir Technologies in a research report on Thursday, December 19th. They set a “neutral” rating and a $80.00 price objective for the company. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.78.

About Palantir Technologies

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.