Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 7.6% in the first quarter, HoldingsChannel.com reports. The firm owned 738,386 shares of the company’s stock after selling 61,106 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Palantir Technologies were worth $16,990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. West Paces Advisors Inc. boosted its holdings in 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 purchasing an additional 620 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after purchasing an additional 691 shares in the last quarter. Bogart Wealth LLC boosted its holdings in Palantir Technologies by 332.8% in the first quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock valued at $32,000 after purchasing an additional 1,065 shares in the last quarter. Halpern Financial Inc. boosted its holdings in shares of Palantir Technologies by 44.0% in 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. Finally, First United Bank & Trust acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $26,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

NYSE:PLTR opened at $27.32 on Tuesday. The stock has a fifty day moving average price of $24.97 and a two-hundred day moving average price of $23.07. The stock has a market capitalization of $60.84 billion, a price-to-earnings ratio of 225.85, a PEG ratio of 6.28 and a beta of 2.71. Palantir Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $29.83.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PLTR shares. Argus started coverage on Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 price objective for the company. HSBC increased their price objective on Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, May 7th. Wedbush reissued an “outperform” rating and issued a $35.00 price objective on shares of Palantir Technologies in a report on Monday, May 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Palantir Technologies from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday, May 7th. Finally, DA Davidson increased their price objective on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.75.

Insiders Place Their Bets

In other Palantir Technologies news, insider Heather A. Planishek sold 10,907 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $21.43, for a total value of $233,737.01. Following the sale, the insider now owns 651,099 shares of the company’s stock, valued at $13,953,051.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Palantir Technologies news, insider Heather A. Planishek sold 10,907 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $21.43, for a total value of $233,737.01. Following the sale, the insider now owns 651,099 shares of the company’s stock, valued at $13,953,051.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the completion of the sale, the director now directly owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,467,179 shares of company stock worth $242,726,313. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Company 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.