Kiley Juergens Wealth Management LLC Sells 2,850 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Kiley Juergens Wealth Management LLC lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,063 shares of the company’s stock after selling 2,850 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Palantir Technologies were worth $1,778,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PLTR. Tallon Kerry Patrick bought a new stake in shares of Palantir Technologies in the fourth quarter worth $289,000. Union Bancaire Privee UBP SA bought a new stake in shares of Palantir Technologies in the fourth quarter worth $15,177,000. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth $450,000. Allspring Global Investments Holdings LLC lifted its position in shares of Palantir Technologies by 46.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,499 shares of the company’s stock worth $13,421,000 after purchasing an additional 56,299 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth $296,000. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent analyst reports. Mizuho boosted their target price on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an “underperform” rating in a report on Wednesday, June 11th. William Blair set a $84.00 target price on shares of Palantir Technologies in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Daiwa America upgraded shares of Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Finally, Daiwa Capital Markets began coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price on the stock. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average target price of $89.32.

Palantir Technologies Stock Performance

PLTR stock opened at $138.20 on Wednesday. The company’s 50-day simple moving average is $117.68 and its 200 day simple moving average is $95.83. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $144.86. The company has a market capitalization of $326.14 billion, a PE ratio of 600.87, a price-to-earnings-growth ratio of 11.93 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same period in the prior year, the company posted $0.08 earnings per share. Palantir Technologies’s revenue was up 39.4% compared to the same quarter last year. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 98,177 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the sale, the insider now directly 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 at the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the sale, the insider now owns 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,506,925 shares of company stock worth $188,456,658. Corporate insiders own 12.93% of the company’s stock.

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.