Clientfirst Wealth Management LLC Has $387,000 Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Clientfirst Wealth Management LLC lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 22.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,580 shares of the company’s stock after selling 1,320 shares during the period. Palantir Technologies makes up about 0.4% of Clientfirst Wealth Management LLC’s holdings, making the stock its 24th biggest position. Clientfirst Wealth Management LLC’s holdings in Palantir Technologies were worth $387,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Fidelis Capital Partners LLC grew its stake in Palantir Technologies by 42.0% during the first quarter. Fidelis Capital Partners LLC now owns 40,146 shares of the company’s stock worth $3,388,000 after purchasing an additional 11,874 shares during the period. Robeco Schweiz AG acquired a new stake in Palantir Technologies during the first quarter worth approximately $3,047,000. Processus Wealth & Capital Management LLC acquired a new stake in Palantir Technologies in the first quarter valued at approximately $1,809,000. Burford Brothers Inc. grew its stake in Palantir Technologies by 2.6% in the first quarter. Burford Brothers Inc. now owns 4,759 shares of the company’s stock valued at $402,000 after acquiring an additional 119 shares during the period. Finally, MJP Associates Inc. ADV grew its stake in Palantir Technologies by 13.1% in the first quarter. MJP Associates Inc. ADV now owns 5,362 shares of the company’s stock valued at $453,000 after acquiring an additional 622 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research reports. DA Davidson raised their price objective on Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Daiwa Capital Markets initiated coverage on Palantir Technologies in a research note on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 price objective for the company. Daiwa America raised Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Citigroup raised their price objective on Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Finally, Mizuho raised their price objective on Palantir Technologies from $94.00 to $116.00 and gave the company an “underperform” rating in a research note on Wednesday, June 11th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $89.32.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 33,335 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total value of $4,510,558.85. Following the completion of the sale, the insider directly owned 363,755 shares of the company’s stock, valued at $49,219,689.05. This represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,451,497 shares of company stock valued at $186,110,685. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Down 0.4%

Shares of Palantir Technologies stock opened at $142.50 on Friday. The business’s fifty day simple moving average is $130.45 and its 200 day simple moving average is $103.25. The firm has a market capitalization of $336.29 billion, a P/E ratio of 619.57, a price-to-earnings-growth ratio of 12.22 and a beta of 2.59. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22.

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