Roger Wittlin Investment Advisory LLC Sells 6,642 Shares of Palantir Technologies Inc. $PLTR

Roger Wittlin Investment Advisory LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 55.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,336 shares of the company’s stock after selling 6,642 shares during the period. Palantir Technologies comprises approximately 0.7% of Roger Wittlin Investment Advisory LLC’s portfolio, making the stock its 23rd largest position. Roger Wittlin Investment Advisory LLC’s holdings in Palantir Technologies were worth $948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bare Financial Services Inc lifted its stake in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares during the last quarter. Financial Consulate Inc. bought a new position in Palantir Technologies during the 3rd quarter worth approximately $30,000. Retirement Wealth Solutions LLC purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $31,000. United Financial Planning Group LLC purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $32,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Palantir Technologies in the third quarter valued at approximately $32,000. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $43,738,207.36. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 19,988 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,672,795.36. Following the sale, the insider directly owned 219,421 shares in the company, valued at $29,340,976.12. The trade was a 8.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,029,879 shares of company stock worth $137,746,253. 9.23% of the stock is owned by corporate insiders.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $148.46 on Friday. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52. The firm has a market cap of $355.07 billion, a P/E ratio of 235.65, a P/E/G ratio of 2.94 and a beta of 1.68. The business’s 50 day moving average price is $145.80 and its 200-day moving average price is $167.71.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm’s revenue was up 70.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Truist Financial began coverage on Palantir Technologies in a research note on Tuesday, January 6th. They set a “buy” rating and a $223.00 price objective for the company. Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Tuesday, February 10th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price target on shares of Palantir Technologies in a report on Wednesday, March 25th. Finally, Phillip Securities decreased their price objective on shares of Palantir Technologies from $208.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.77.

View Our Latest Analysis on PLTR

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

Recommended Stories

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTRFree Report).

Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.