Ameritas Advisory Services LLC Sells 10,856 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Ameritas Advisory Services LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,805 shares of the company's stock after selling 10,856 shares during the period. Ameritas Advisory Services LLC's holdings in Palantir Technologies were worth $3,010,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. RMR Wealth Builders grew its stake in shares of Palantir Technologies by 2.4% during the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company's stock valued at $545,000 after buying an additional 167 shares during the last quarter. Christensen King & Associates Investment Services Inc. boosted its holdings in Palantir Technologies by 3.0% during the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 5,897 shares of the company's stock valued at $486,000 after acquiring an additional 174 shares during the period. ST Germain D J Co. Inc. grew its position in Palantir Technologies by 4.4% during the 4th quarter. ST Germain D J Co. Inc. now owns 4,780 shares of the company's stock worth $362,000 after acquiring an additional 200 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV increased its stake in Palantir Technologies by 1.2% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company's stock worth $729,000 after purchasing an additional 235 shares during the period. Finally, Greater Midwest Financial Group LLC lifted its position in Palantir Technologies by 0.3% in the third quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company's stock valued at $3,251,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PLTR. William Blair restated an "underperform" rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Wedbush increased their target price on shares of Palantir Technologies from $57.00 to $75.00 and gave the stock an "outperform" rating in a report on Monday, November 25th. UBS Group assumed coverage on Palantir Technologies in a research report on Thursday, December 19th. They set a "neutral" rating and a $80.00 price target for the company. Baird R W upgraded Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group lowered Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price target for the company. in a research note on Thursday, November 7th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $43.78.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $71.77 on Monday. The firm has a market cap of $163.49 billion, a P/E ratio of 358.87, a P/E/G ratio of 6.24 and a beta of 2.82. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80. The firm has a 50-day simple moving average of $70.49 and a two-hundred day simple moving average of $47.32.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $725.52 million during 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%. The firm's quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 earnings per share. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares in the company, valued at $4,740,584.31. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,642,189 shares of company stock worth $1,444,232,453 over the last quarter. 12.93% of the stock is currently owned by insiders.

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.