EdgeRock Capital LLC Trims Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

EdgeRock Capital LLC decreased its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,296 shares of the company’s stock after selling 12,610 shares during the period. Palantir Technologies comprises approximately 0.5% of EdgeRock Capital LLC’s holdings, making the stock its 22nd largest holding. EdgeRock Capital LLC’s holdings in Palantir Technologies were worth $686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PLTR. Fiduciary Alliance LLC increased its position 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 period. Golden State Equity Partners grew its stake in Palantir Technologies by 4.6% in the fourth quarter. Golden State Equity Partners now owns 14,435 shares of the company’s stock valued at $248,000 after purchasing an additional 640 shares during the last quarter. Capital Investment Counsel Inc lifted its position in shares of Palantir Technologies by 0.5% during the fourth quarter. Capital Investment Counsel Inc now owns 120,727 shares of the company’s stock valued at $2,073,000 after buying an additional 650 shares during the last quarter. LCM Capital Management Inc boosted its holdings in shares of Palantir Technologies by 1.9% in the 4th quarter. LCM Capital Management Inc now owns 34,080 shares of the company’s stock valued at $585,000 after buying an additional 650 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Palantir Technologies by 2.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 31,371 shares of the company’s stock worth $539,000 after acquiring an additional 675 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 29,168 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.00, for a total value of $729,200.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at $18,819,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Ryan D. Taylor sold 150,000 shares of Palantir Technologies stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $24.00, for a total value of $3,600,000.00. Following the sale, the insider now owns 181,460 shares of the company’s stock, valued at $4,355,040. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 29,168 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.00, for a total transaction of $729,200.00. Following the transaction, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $18,819,650. The disclosure for this sale can be found here. Insiders sold 7,356,273 shares of company stock worth $182,143,602 over the last 90 days. Corporate insiders own 13.96% of the company’s stock.

Palantir Technologies Price Performance

Shares of NYSE:PLTR traded down $3.80 during mid-day trading on Tuesday, reaching $21.41. 160,625,205 shares of the company were exchanged, compared to its average volume of 63,619,027. The firm has a market cap of $47.36 billion, a price-to-earnings ratio of 237.86, a P/E/G ratio of 5.72 and a beta of 2.76. Palantir Technologies Inc. has a 1 year low of $7.59 and a 1 year high of $27.50. The firm’s 50-day simple moving average is $23.40 and its 200 day simple moving average is $20.31.

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

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent analyst reports. Raymond James upped their price objective on shares of Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. HSBC upped their price target on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday. Monness Crespi & Hardt upgraded Palantir Technologies from a “sell” rating to a “neutral” rating in a research note on Friday, April 26th. Finally, DA Davidson lifted their price target on Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday. Five analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.65.

Palantir Technologies Company 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.