Kaizen Financial Strategies Sells 1,596 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Kaizen Financial Strategies lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 17.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,348 shares of the company’s stock after selling 1,596 shares during the quarter. Kaizen Financial Strategies’ holdings in Palantir Technologies were worth $556,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

PLTR has been the topic of a number of recent research reports. Daiwa America upgraded Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Morgan Stanley increased their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Loop Capital boosted their target price on shares of Palantir Technologies from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Citigroup increased their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Jefferies Financial Group upped their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $83.95.

Palantir Technologies Stock Down 1.5 %

Palantir Technologies stock opened at $117.36 on Friday. The stock has a market cap of $275.25 billion, a P/E ratio of 617.72, a P/E/G ratio of 10.84 and a beta of 2.68. The company’s 50 day moving average price is $94.23 and its two-hundred day moving average price is $82.26. Palantir Technologies Inc. has a 52 week low of $20.60 and a 52 week high of $125.41.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (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 analyst estimates of $863.89 million. During the same quarter last year, the business posted $0.08 EPS. Palantir Technologies’s quarterly revenue was up 39.4% compared to the same quarter last year. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,983,793.75. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the sale, the insider now owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,978,181 shares of company stock worth $252,115,667. 9.23% of the stock is owned by corporate insiders.

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.