DGS Capital Management LLC Decreases Position in Palantir Technologies Inc. (NYSE:PLTR)

DGS Capital Management LLC decreased its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 17.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,790 shares of the company’s stock after selling 3,350 shares during the quarter. DGS Capital Management LLC’s holdings in Palantir Technologies were worth $363,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC increased its position in Palantir Technologies by 74.9% during the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after buying an additional 700 shares during the period. First United Bank & Trust acquired a new position in Palantir Technologies during the fourth quarter worth approximately $26,000. Pacifica Partners Inc. acquired a new position in Palantir Technologies during the fourth quarter worth approximately $27,000. West Paces Advisors Inc. increased its position in Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after buying an additional 620 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its position in Palantir Technologies by 105.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after buying an additional 691 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

PLTR opened at $25.24 on Friday. The business’s fifty day moving average is $22.53 and its two-hundred day moving average is $21.43. The company has a market cap of $56.21 billion, a price-to-earnings ratio of 210.35, a PEG ratio of 5.56 and a beta of 2.70. Palantir Technologies Inc. has a one year low of $13.68 and a one year high of $27.50.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $634.34 million for the quarter, compared to the consensus estimate of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. On average, analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. Following the sale, the director now directly owns 32,843 shares in the company, valued at $853,918. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Eric H. Woersching sold 26,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $23.32, for a total value of $606,320.00. Following the sale, the director now directly owns 38,843 shares in the company, valued at $905,818.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric H. Woersching sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the sale, the director now owns 32,843 shares in the company, valued at $853,918. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,377,153 shares of company stock worth $240,054,945. 12.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PLTR shares. Mizuho boosted their target price on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Argus started coverage on Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 target price on the stock. Wedbush reissued an “outperform” rating and issued a $35.00 target price on shares of Palantir Technologies in a report on Monday, May 6th. Monness Crespi & Hardt lowered Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a report on Friday, June 21st. Finally, DA Davidson boosted their target price on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.25.

Palantir Technologies 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.