Banque Cantonale Vaudoise Reduces Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Banque Cantonale Vaudoise lessened its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 51.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 46,586 shares of the company’s stock after selling 49,024 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Palantir Technologies were worth $1,733,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC increased its holdings in Palantir Technologies by 166.5% in the third quarter. Fifth Third Wealth Advisors LLC now owns 21,941 shares of the company’s stock valued at $816,000 after buying an additional 13,708 shares during the last quarter. Legacy Bridge LLC increased its holdings in Palantir Technologies by 0.7% in the third quarter. Legacy Bridge LLC now owns 56,880 shares of the company’s stock valued at $2,116,000 after buying an additional 370 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Palantir Technologies by 0.7% in the third quarter. Meeder Asset Management Inc. now owns 44,099 shares of the company’s stock valued at $1,640,000 after buying an additional 305 shares during the last quarter. Caprock Group LLC increased its holdings in Palantir Technologies by 5.1% in the third quarter. Caprock Group LLC now owns 175,743 shares of the company’s stock valued at $6,538,000 after buying an additional 8,470 shares during the last quarter. Finally, Pathstone Holdings LLC increased its holdings in Palantir Technologies by 14.5% in the third quarter. Pathstone Holdings LLC now owns 108,707 shares of the company’s stock valued at $4,044,000 after buying an additional 13,797 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Heather A. Planishek sold 14,016 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $30.67, for a total value of $429,870.72. Following the completion of the transaction, the insider now directly owns 576,023 shares of the company’s stock, valued at approximately $17,666,625.41. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 38,093 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $63.01, for a total transaction of $2,400,239.93. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $405,296,576.58. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,547,056 shares of company stock valued at $1,500,642,721 over the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $62.11 on Thursday. The company has a market capitalization of $141.49 billion, a price-to-earnings ratio of 310.57 and a beta of 2.70. Palantir Technologies Inc. has a fifty-two week low of $15.66 and a fifty-two week high of $66.00. The firm has a 50-day simple moving average of $44.83 and a 200-day simple moving average of $32.84.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent analyst reports. DA Davidson increased their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Jefferies Financial Group downgraded shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research note on Thursday, November 7th. Finally, Northland Securities upped their price objective on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $31.71.

About Palantir Technologies

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.