GSB Wealth Management LLC Sells 10,270 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

GSB Wealth Management LLC reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 57.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,510 shares of the company’s stock after selling 10,270 shares during the quarter. GSB Wealth Management LLC’s holdings in Palantir Technologies were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RMR Wealth Builders lifted its position in shares of Palantir Technologies by 2.4% during the 4th quarter. RMR Wealth Builders now owns 7,201 shares of the company’s stock valued at $545,000 after buying an additional 167 shares during the last quarter. Christensen King & Associates Investment Services Inc. boosted its position in Palantir Technologies by 3.0% during the fourth quarter. Christensen King & Associates Investment Services Inc. now owns 5,897 shares of the company’s stock worth $486,000 after purchasing an additional 174 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Palantir Technologies by 1.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company’s stock worth $1,090,000 after purchasing an additional 196 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in shares of Palantir Technologies by 4.4% during the 4th quarter. ST Germain D J Co. Inc. now owns 4,780 shares of the company’s stock valued at $362,000 after buying an additional 200 shares in the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV grew its stake in Palantir Technologies by 1.2% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock valued at $729,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

PLTR stock opened at $78.98 on Friday. The firm has a market cap of $179.92 billion, a P/E ratio of 394.92, a P/E/G ratio of 7.08 and a beta of 2.82. The firm’s fifty day moving average is $71.96 and its 200 day moving average is $48.89. Palantir Technologies Inc. has a 52 week low of $16.03 and a 52 week high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. As a group, analysts forecast that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PLTR shares. UBS Group initiated coverage on Palantir Technologies in a report on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price target for the company. Baird R W upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Robert W. Baird assumed coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They set a “neutral” rating and a $70.00 price objective for the company. Cantor Fitzgerald started coverage on shares of Palantir Technologies in a research note on Friday, January 17th. They issued a “neutral” rating and a $72.00 target price on the stock. Finally, The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Seven 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $44.61.

Insider Buying and Selling at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 4,000 shares of the business’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 transaction, the director now owns 195,393 shares in the company, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,518,855 shares of company stock worth $1,438,682,423. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Company 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.