Warren Street Wealth Advisors LLC Has $325,000 Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Warren Street Wealth Advisors LLC decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 20.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,851 shares of the company’s stock after selling 981 shares during the period. Warren Street Wealth Advisors LLC’s holdings in Palantir Technologies were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $1,360,191,000. Geode Capital Management LLC grew its stake in Palantir Technologies by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock worth $3,929,401,000 after purchasing an additional 4,127,306 shares during the period. Wellington Management Group LLP grew its stake in Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company’s stock worth $354,117,000 after purchasing an additional 3,907,022 shares during the period. Invesco Ltd. grew its stake in Palantir Technologies by 31.2% during the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock worth $1,115,409,000 after purchasing an additional 3,509,311 shares during the period. Finally, Capital World Investors acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $253,816,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 2.4%

Shares of Palantir Technologies stock opened at $130.01 on Thursday. The business’s fifty day simple moving average is $108.44 and its 200 day simple moving average is $91.31. The firm has a market capitalization of $306.81 billion, a P/E ratio of 684.30, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $135.28.

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. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. Palantir Technologies’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. Analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 39,825 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $5,016,755.25. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $810,271,540.26. This trade represents a 0.62% 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 Stephen Andrew Cohen sold 34,357 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $125.96, for a total value of $4,327,607.72. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $74,568.32. This represents a 98.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,894,925 shares of company stock valued at $369,820,528 over the last ninety days. 9.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

PLTR has been the subject of several recent analyst reports. Wedbush set a $140.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Daiwa America upgraded Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Royal Bank of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Cantor Fitzgerald increased their price target on Palantir Technologies from $98.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.