Banque Cantonale Vaudoise cut its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR – Get Rating) by 5.8% in the 3rd quarter, according to the company’s most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investors owned 80,876 shares of the company’s stock after selling 5,000 shares during the period. Banque Cantonale Vaudoise’s holdings in Palantir Technologies were worth $656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Vanguard Group Inc. boosted its stake in Palantir Technologies by 22.4% in the first quarter. Vanguard Group Inc. now owns 156,003,743 shares of the company’s stock valued at $2,141,931,000 after acquiring an additional 28,563,749 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Palantir Technologies by 2.3% during the 1st quarter. BlackRock Inc. now owns 86,955,785 shares of the company’s stock valued at $1,193,904,000 after buying an additional 1,990,354 shares in the last quarter. State Street Corp boosted its stake in shares of Palantir Technologies by 2.8% in the 1st quarter. State Street Corp now owns 34,288,002 shares of the company’s stock valued at $470,774,000 after purchasing an additional 918,126 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Palantir Technologies by 125.4% in the second quarter. Renaissance Technologies LLC now owns 28,204,147 shares of the company’s stock worth $255,812,000 after buying an additional 15,689,300 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Palantir Technologies by 0.9% in the second quarter. Northern Trust Corp now owns 10,555,962 shares of the company’s stock worth $95,742,000 after buying an additional 97,631 shares during the period. 31.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 809,398 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $7.00, for a total value of $5,665,786.00. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at $45,025,806. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Palantir Technologies news, insider Shyam Sankar sold 50,000 shares of Palantir Technologies stock in a transaction on Friday, November 25th. The shares were sold at an average price of $7.24, for a total value of $362,000.00. Following the completion of the transaction, the insider now owns 1,855,012 shares of the company’s stock, valued at $13,430,286.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 809,398 shares of the stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $7.00, for a total value of $5,665,786.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at $45,025,806. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,078,739 shares of company stock valued at $7,606,842. Insiders own 13.71% of the company’s stock.

Analysts Set New Price Targets

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Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Palantir Technologies from $8.00 to $7.00 in a report on Tuesday, November 8th. Wolfe Research downgraded shares of Palantir Technologies from a “peer perform” rating to an “underperform” rating and set a $4.50 price target for the company. in a research report on Wednesday, December 21st. Citigroup lowered their target price on shares of Palantir Technologies from $6.00 to $5.00 and set a “sell” rating on the stock in a research note on Friday, November 11th. Raymond James dropped their price target on Palantir Technologies from $20.00 to $15.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 8th. Finally, Morgan Stanley decreased their price objective on Palantir Technologies from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, December 19th. Four equity research analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.46.

Palantir Technologies Trading Down 0.5 %

Shares of PLTR opened at $6.29 on Monday. The stock’s 50 day moving average is $7.57 and its two-hundred day moving average is $8.35. Palantir Technologies Inc. has a twelve month low of $6.04 and a twelve month high of $19.25. The firm has a market capitalization of $13.08 billion, a PE ratio of -22.46 and a beta of 2.89.

Palantir Technologies (NYSE:PLTR – Get Rating) last announced its quarterly earnings results on Monday, November 7th. The company reported earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Palantir Technologies had a negative net margin of 30.64% and a negative return on equity of 8.86%. The firm had revenue of $477.88 million during the quarter, compared to analysts’ expectations of $474.58 million. On average, sell-side analysts predict that Palantir Technologies Inc. will post -0.17 EPS for the current year.

About Palantir Technologies

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Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. 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 facilitating the handoff between analysts and operational users, helping operators plan and execute real-time world responses to threats that have been identified within the platform.

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Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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