Joule Financial LLC Sells 6,351 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Joule Financial LLC reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 68.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,979 shares of the company's stock after selling 6,351 shares during the period. Joule Financial LLC's holdings in Palantir Technologies were worth $225,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. State Street Corp grew its holdings in shares of Palantir Technologies by 96.4% in the 3rd quarter. State Street Corp now owns 82,512,440 shares of the company's stock valued at $3,069,463,000 after acquiring an additional 40,498,024 shares in the last quarter. Geode Capital Management LLC grew its position in Palantir Technologies by 52.9% in the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock valued at $1,777,568,000 after acquiring an additional 16,598,253 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Palantir Technologies by 5.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,982,925 shares of the company's stock valued at $557,365,000 after acquiring an additional 808,444 shares in the last quarter. FMR LLC grew its holdings in Palantir Technologies by 8.8% during the 3rd quarter. FMR LLC now owns 12,478,281 shares of the company's stock worth $464,192,000 after acquiring an additional 1,004,603 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company's stock worth $460,798,000 after acquiring an additional 4,667,955 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 123,334 shares of the business's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the transaction, the insider now owns 331,369 shares in the company, valued at $14,911,605. The trade was a 27.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the company's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares of the company's stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. 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 ninety days. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Trading Up 3.7 %

PLTR stock traded up $2.53 during midday trading on Friday, reaching $71.77. The stock had a trading volume of 54,590,923 shares, compared to its average volume of 79,745,712. The company's fifty day simple moving average is $70.49 and its 200 day simple moving average is $47.32. The company has a market cap 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. Palantir Technologies Inc. has a 52-week low of $16.03 and a 52-week high of $84.80.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to analysts' expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the firm earned $0.03 earnings per share. Sell-side analysts predict that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Analyst Ratings Changes

PLTR has been the subject of several research reports. Jefferies Financial Group downgraded Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 target price for the company. in a research note on Thursday, November 7th. UBS Group assumed coverage on shares of Palantir Technologies in a research report on Thursday, December 19th. They set a "neutral" rating and a $80.00 target price on the stock. Wedbush boosted their price target 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. Northland Securities boosted their target price on Palantir Technologies from $35.00 to $38.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. Finally, DA Davidson boosted their target price on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $43.78.

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.