Ensign Peak Advisors Inc Cuts Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Ensign Peak Advisors Inc reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 51.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 908,283 shares of the company’s stock after selling 944,055 shares during the period. Ensign Peak Advisors Inc’s holdings in Palantir Technologies were worth $68,693,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PLTR. Roxbury Financial LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at $27,000. First PREMIER Bank acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC raised its holdings in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the period. HighMark Wealth Management LLC lifted its position in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in Palantir Technologies in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.5 %

Shares of NASDAQ PLTR opened at $117.36 on Friday. Palantir Technologies Inc. has a 12 month low of $20.50 and a 12 month high of $125.41. The company has a market cap of $275.25 billion, a price-to-earnings ratio of 617.72, a P/E/G ratio of 10.84 and a beta of 2.68. The business has a fifty day simple moving average of $94.23 and a 200-day simple moving average of $81.99.

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

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the transaction, the insider now directly owns 702,786 shares in the company, valued at $64,958,509.98. The trade was a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,978,181 shares of company stock valued at $252,115,667 in the last three months. 9.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PLTR has been the topic of a number of recent research reports. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup boosted their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday. Loop Capital lifted their target price on Palantir Technologies from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. Daiwa Capital Markets started coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 price target for the company. Finally, Jefferies Financial Group raised their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $83.95.

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.