Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,833 shares of the company’s stock after selling 1,200 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Palantir Technologies were worth $5,978,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock worth $3,929,401,000 after buying an additional 4,127,306 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Palantir Technologies by 504.0% during the 4th quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company’s stock worth $354,117,000 after buying an additional 3,907,022 shares during the last quarter. Invesco Ltd. raised its stake in shares of Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock worth $1,115,409,000 after buying an additional 3,509,311 shares during the last quarter. Capital World Investors acquired a new position in shares of Palantir Technologies during the 4th quarter worth $253,816,000. Finally, Northern Trust Corp raised its stake in shares of Palantir Technologies by 20.4% during the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company’s stock worth $1,473,913,000 after buying an additional 3,299,779 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $157.88 on Tuesday. The stock has a market capitalization of $372.58 billion, a price-to-earnings ratio of 686.43, a price-to-earnings-growth ratio of 13.54 and a beta of 2.59. The business has a 50-day moving average of $137.66 and a two-hundred day moving average of $110.05. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $160.39.

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. The company had revenue of $883.86 million during the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm’s revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, insider David A. Glazer sold 3,418 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total transaction of $430,565.46. Following the completion of the sale, the insider owned 492,079 shares in the company, valued at approximately $61,987,191.63. The trade was a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total value of $111,688.00. Following the sale, the director owned 62,887 shares of the company’s stock, valued at $8,779,654.07. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,485,632 shares of company stock worth $191,222,623 over the last ninety days. Insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research reports. UBS Group reaffirmed a “positive” rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Daiwa America raised Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Piper Sandler began coverage on Palantir Technologies in a research note on Friday. They set an “overweight” rating and a $170.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $95.30.

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.