LaFleur & Godfrey LLC Trims Position in Palantir Technologies Inc. (NASDAQ:PLTR)

LaFleur & Godfrey LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 30.3% in the fourth quarter, HoldingsChannel reports. The fund owned 370,637 shares of the company’s stock after selling 161,168 shares during the period. Palantir Technologies makes up about 3.8% of LaFleur & Godfrey LLC’s portfolio, making the stock its 4th biggest position. LaFleur & Godfrey LLC’s holdings in Palantir Technologies were worth $28,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Palantir Technologies by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock worth $72,963,000 after purchasing an additional 278,544 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Palantir Technologies in the second quarter worth $350,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Palantir Technologies by 18.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 189,550 shares of the company’s stock worth $4,728,000 after buying an additional 30,030 shares during the period. Amalgamated Bank raised its holdings in Palantir Technologies by 5.0% during the 2nd quarter. Amalgamated Bank now owns 135,982 shares of the company’s stock valued at $3,444,000 after buying an additional 6,472 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in Palantir Technologies by 18.4% during the 2nd quarter. Blair William & Co. IL now owns 61,927 shares of the company’s stock valued at $1,569,000 after buying an additional 9,623 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PLTR shares. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective on the stock. in a research report on Thursday, November 7th. Wedbush upped their price target on Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. DA Davidson lifted their price objective on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Cantor Fitzgerald assumed coverage on Palantir Technologies in a report on Friday. They set a “neutral” rating and a $72.00 target price for the company. Finally, Bank of America lifted their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 25th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $43.78.

Palantir Technologies Trading Up 3.7 %

Palantir Technologies stock opened at $71.77 on Monday. Palantir Technologies Inc. has a 12 month low of $16.03 and a 12 month high of $84.80. The company has a market capitalization of $163.49 billion, a price-to-earnings ratio of 358.87, a price-to-earnings-growth ratio of 6.24 and a beta of 2.82. The business’s fifty day simple moving average is $70.49 and its two-hundred day simple moving average is $47.47.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. Palantir Technologies’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 3,337,048 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $289,580,255.16. The trade was a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,642,189 shares of company stock valued at $1,444,232,453 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

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.