InTrack Investment Management Inc Has $3.60 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

InTrack Investment Management Inc decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 38.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 42,661 shares of the company’s stock after selling 26,368 shares during the period. Palantir Technologies comprises approximately 3.3% of InTrack Investment Management Inc’s holdings, making the stock its 5th largest position. InTrack Investment Management Inc’s holdings in Palantir Technologies were worth $3,601,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roxbury Financial LLC bought a new position in Palantir Technologies during the fourth quarter valued at about $27,000. HighMark Wealth Management LLC lifted its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Palantir Technologies during the 4th quarter valued at about $31,000. First Command Advisory Services Inc. acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $34,000. Finally, Summit Securities Group LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $34,000. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PLTR shares. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Royal Bank of Canada reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Citigroup boosted their target price on Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. William Blair set a $84.00 target price on Palantir Technologies in a report on Wednesday, March 5th. Finally, Mizuho lifted their price target on Palantir Technologies from $80.00 to $94.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 6th. Five equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.95.

Insider Buying and Selling at Palantir Technologies

In related news, Director Eric H. Woersching sold 17,000 shares of Palantir Technologies stock in a transaction on Monday, June 9th. The shares were sold at an average price of $129.29, for a total value of $2,197,930.00. Following the completion of the sale, the director now owns 12,562 shares of the company’s stock, valued at approximately $1,624,140.98. The trade was a 57.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 61,339 shares in the company, valued at $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 have sold 2,661,925 shares of company stock worth $268,580,958 over the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $132.81 on Wednesday. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $135.28. The company has a market capitalization of $313.42 billion, a PE ratio of 699.04, a PEG ratio of 10.84 and a beta of 2.64. The company’s 50 day moving average price is $111.88 and its 200 day moving average price is $93.33.

Palantir Technologies (NASDAQ:PLTR) last posted 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 16.13% and a return on equity of 6.85%. The business had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. During the same period in the previous year, the company posted $0.08 EPS. Palantir Technologies’s revenue was up 39.4% on a year-over-year basis. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies Company 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.