LaFleur & Godfrey LLC Sells 161,168 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

LaFleur & Godfrey LLC reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 30.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 370,637 shares of the company’s stock after selling 161,168 shares during the period. Palantir Technologies comprises approximately 3.8% of LaFleur & Godfrey LLC’s portfolio, making the stock its 4th biggest position. LaFleur & Godfrey LLC’s holdings in Palantir Technologies were worth $28,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PLTR. Dimensional Fund Advisors LP grew its position in Palantir Technologies by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock worth $72,963,000 after purchasing an additional 278,544 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Palantir Technologies in the second quarter valued at approximately $350,000. Mercer Global Advisors Inc. ADV increased its position in shares of Palantir Technologies by 18.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 189,550 shares of the company’s stock valued at $4,728,000 after acquiring an additional 30,030 shares during the last quarter. Amalgamated Bank lifted its holdings in Palantir Technologies by 5.0% during the second quarter. Amalgamated Bank now owns 135,982 shares of the company’s stock worth $3,444,000 after acquiring an additional 6,472 shares during the period. Finally, Blair William & Co. IL boosted its position in Palantir Technologies by 18.4% in the second quarter. Blair William & Co. IL now owns 61,927 shares of the company’s stock worth $1,569,000 after purchasing an additional 9,623 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 123,334 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 331,369 shares of the company’s stock, valued at approximately $14,911,605. This trade represents a 27.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $50.49, for a total value of $406,646.46. Following the completion of the sale, the director now directly owns 130,250 shares of the company’s stock, valued at approximately $6,576,322.50. This represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,642,189 shares of company stock valued at $1,444,232,453. 12.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PLTR shares. The Goldman Sachs Group raised their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Morgan Stanley restated an “underweight” rating and set a $60.00 price target on shares of Palantir Technologies in a research note on Monday, January 6th. Finally, Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.78.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $71.77 on Monday. The firm has a fifty day moving average price of $70.49 and a two-hundred day moving average price of $47.47. The company has a market cap of $163.49 billion, a price-to-earnings ratio of 358.87, a PEG ratio of 6.24 and a beta of 2.82. Palantir Technologies Inc. has a one year low of $16.03 and a one year high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last posted 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 company had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. Equities research analysts expect that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

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.