Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 8.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,885 shares of the company’s stock after selling 545 shares during the period. North Star Investment Management Corp.’s holdings in Palantir Technologies were worth $497,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PLTR. Optas LLC grew its holdings in shares of Palantir Technologies by 13.2% in the 1st quarter. Optas LLC now owns 9,716 shares of the company’s stock worth $820,000 after acquiring an additional 1,136 shares during the period. D Orazio & Associates Inc. grew its holdings in Palantir Technologies by 7.6% in the first quarter. D Orazio & Associates Inc. now owns 6,079 shares of the company’s stock valued at $513,000 after purchasing an additional 430 shares during the last quarter. Bouvel Investment Partners LLC increased its position in shares of Palantir Technologies by 2.7% in the first quarter. Bouvel Investment Partners LLC now owns 114,119 shares of the company’s stock valued at $9,632,000 after buying an additional 2,998 shares in the last quarter. Pinion Investment Advisors LLC increased its position in shares of Palantir Technologies by 4.3% in the first quarter. Pinion Investment Advisors LLC now owns 3,305 shares of the company’s stock valued at $279,000 after buying an additional 136 shares in the last quarter. Finally, BayBridge Capital Group LLC raised its stake in shares of Palantir Technologies by 68.3% during the 1st quarter. BayBridge Capital Group LLC now owns 21,262 shares of the company’s stock worth $1,795,000 after buying an additional 8,632 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PLTR shares. Wedbush set a $140.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Daiwa America upgraded Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Finally, DA Davidson upped their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $86.30.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 98,177 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the sale, the insider now owns 403,171 shares in the company, valued at $33,382,558.80. This represents a 19.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,506,925 shares of company stock worth $188,456,658 over the last ninety days. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Up 1.6%

Shares of Palantir Technologies stock opened at $137.40 on Monday. The stock has a market capitalization of $324.25 billion, a P/E ratio of 723.20, a PEG ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $140.08. The business’s fifty day moving average price is $115.48 and its 200 day moving average price is $95.01.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company’s revenue was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.