Van Cleef Asset Management Inc Sells 886 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Van Cleef Asset Management Inc trimmed its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 0.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 694,604 shares of the company’s stock after selling 886 shares during the quarter. Palantir Technologies accounts for approximately 1.7% of Van Cleef Asset Management Inc’s portfolio, making the stock its 15th largest position. Van Cleef Asset Management Inc’s holdings in Palantir Technologies were worth $11,926,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Alliance LLC lifted its holdings in Palantir Technologies by 1.0% during the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock valued at $1,044,000 after purchasing an additional 618 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Palantir Technologies by 2.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 31,371 shares of the company’s stock worth $539,000 after acquiring an additional 675 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Palantir Technologies by 15.3% in the fourth quarter. Larson Financial Group LLC now owns 5,142 shares of the company’s stock worth $88,000 after acquiring an additional 681 shares during the last quarter. Founders Financial Securities LLC raised its stake in shares of Palantir Technologies by 4.7% in the third quarter. Founders Financial Securities LLC now owns 15,369 shares of the company’s stock worth $246,000 after acquiring an additional 690 shares during the last quarter. Finally, Truvestments Capital LLC raised its stake in shares of Palantir Technologies by 74.9% in the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after acquiring an additional 700 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock traded up $0.12 on Thursday, hitting $21.71. The company had a trading volume of 26,087,662 shares, compared to its average volume of 63,084,059. The firm has a market capitalization of $48.04 billion, a P/E ratio of 241.25, a P/E/G ratio of 5.31 and a beta of 2.78. Palantir Technologies Inc. has a twelve month low of $7.28 and a twelve month high of $27.50. The stock has a 50-day moving average of $23.57 and a 200-day moving average of $20.00.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $608.35 million during the quarter, compared to analyst estimates of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. Equities analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PLTR shares. Mizuho boosted their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Wedbush reiterated an “outperform” rating and set a $35.00 price target (up previously from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $13.00 to $22.00 in a research report on Tuesday, February 6th. Citigroup upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $10.00 to $20.00 in a research report on Tuesday, February 6th. Finally, HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $18.35.

Insider Activity

In other news, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $22.74, for a total value of $113,700.00. Following the completion of the transaction, the director now owns 186,783 shares in the company, valued at $4,247,445.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Alexandra W. Schiff sold 5,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $22.74, for a total value of $113,700.00. Following the sale, the director now owns 186,783 shares of the company’s stock, valued at $4,247,445.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 6,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $23.68, for a total transaction of $142,080.00. Following the completion of the sale, the director now directly owns 175,830 shares in the company, valued at approximately $4,163,654.40. The disclosure for this sale can be found here. Insiders sold 7,456,273 shares of company stock worth $184,343,202 over the last quarter. 13.96% of the stock is currently owned by company insiders.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.