Banque Transatlantique SA lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 81.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,572 shares of the company's stock after selling 88,118 shares during the quarter. Banque Transatlantique SA's holdings in Palantir Technologies were worth $3,480,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies during the fourth quarter worth $450,000. Bison Wealth LLC grew its stake in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Capstone Wealth Management Group LLC grew its stake in Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock valued at $1,447,000 after purchasing an additional 4,722 shares during the period. Schnieders Capital Management LLC. increased its position in shares of Palantir Technologies by 36.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock valued at $858,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Vivaldi Capital Management LP purchased a new stake in shares of Palantir Technologies during the 2nd quarter valued at $315,000. Institutional investors and hedge funds own 45.65% of the company's stock.
Palantir Technologies Price Performance
Shares of Palantir Technologies stock opened at $128.47 on Friday. Palantir Technologies Inc. has a 1 year low of $122.68 and a 1 year high of $207.52. The firm has a market cap of $307.98 billion, a PE ratio of 144.35, a PEG ratio of 2.04 and a beta of 1.53. The company has a 50 day simple moving average of $137.94 and a two-hundred day simple moving average of $152.57.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company's revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.
Insider Buying and Selling
In other news, insider Shyam Sankar sold 165,514 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the transaction, the insider directly owned 642,786 shares of the company's stock, valued at approximately $87,444,607.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the firm's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider directly owned 375,242 shares in the company, valued at $51,047,921.68. This trade represents a 4.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 927,270 shares of company stock worth $126,197,785 over the last 90 days. Insiders own 9.53% of the company's stock.
Key Stories Impacting Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Palantir Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, April 27th. UBS Group upgraded shares of Palantir Technologies from a "buy" rating to a "buy" rating in a research note on Tuesday. Wolfe Research raised shares of Palantir Technologies from an "underperform" rating to a "peer perform" rating in a report on Tuesday. Zacks Research upgraded Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. Finally, Citigroup increased their price objective on Palantir Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Moderate Buy" and a consensus price target of $192.76.
View Our Latest Stock Analysis on Palantir Technologies
Palantir Technologies Profile
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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.
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