Palantir Technologies Inc. (NYSE:PLTR) is Hedeker Wealth LLC’s 6th Largest Position

Hedeker Wealth LLC cut its holdings in Palantir Technologies Inc. (NYSE:PLTRFree Report) by 0.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 496,861 shares of the company’s stock after selling 2,400 shares during the quarter. Palantir Technologies comprises 3.3% of Hedeker Wealth LLC’s holdings, making the stock its 6th largest position. Hedeker Wealth LLC’s holdings in Palantir Technologies were worth $11,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Palantir Technologies by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after purchasing an additional 6,466,596 shares during the last quarter. Morgan Stanley raised its stake in shares of Palantir Technologies by 26.1% in the third quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock worth $361,833,000 after purchasing an additional 4,675,824 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Palantir Technologies by 8.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,590,729 shares of the company’s stock worth $216,183,000 after purchasing an additional 955,992 shares during the last quarter. ARK Investment Management LLC raised its stake in shares of Palantir Technologies by 16.1% in the fourth quarter. ARK Investment Management LLC now owns 10,937,859 shares of the company’s stock worth $187,803,000 after purchasing an additional 1,514,232 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. raised its stake in shares of Palantir Technologies by 11.5% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 8,249,083 shares of the company’s stock worth $141,554,000 after purchasing an additional 850,687 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total value of $440,400.00. Following the sale, the director now directly owns 1,595,519 shares of the company’s stock, valued at $35,133,328.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the transaction, the director now owns 1,595,519 shares in the company, valued at $35,133,328.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Peter Thiel sold 5,000,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $20.78, for a total value of $103,900,000.00. Following the transaction, the director now owns 15,733,625 shares in the company, valued at approximately $326,944,727.50. The disclosure for this sale can be found here. Insiders have sold 11,372,153 shares of company stock valued at $239,941,245 over the last ninety days. Insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. HSBC raised their price objective on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, May 7th. Wedbush reaffirmed an “outperform” rating and set a $35.00 target price on shares of Palantir Technologies in a report on Monday, May 6th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft raised their target price on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, May 7th. Finally, Mizuho raised their target price on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.25.

Read Our Latest Stock Report on Palantir Technologies

Palantir Technologies Trading Up 0.9 %

PLTR traded up $0.23 during trading on Wednesday, hitting $26.06. The company’s stock had a trading volume of 5,839,644 shares, compared to its average volume of 56,002,633. Palantir Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $27.50. The business’s fifty day simple moving average is $22.81 and its 200 day simple moving average is $21.65. The firm has a market capitalization of $58.03 billion, a price-to-earnings ratio of 216.43, a P/E/G ratio of 5.85 and a beta of 2.71.

Palantir Technologies (NYSE:PLTRGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $634.34 million for the quarter, compared to analyst estimates of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

(Free Report)

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.

Featured Articles

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. (NYSE:PLTRFree Report).

Institutional Ownership by Quarter for Palantir Technologies (NYSE: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.