Bartlett & CO. Wealth Management LLC Sells 300 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Bartlett & CO. Wealth Management LLC trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 850 shares of the company’s stock after selling 300 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Palantir Technologies were worth $64,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in Palantir Technologies during the third quarter worth approximately $25,000. Prestige Wealth Management Group LLC lifted its stake in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Palantir Technologies in the 2nd quarter valued at $30,000. Finally, Ashburton Jersey Ltd acquired a new stake in Palantir Technologies in the second quarter valued at $36,000. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the transaction, the director now directly owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Stephen Andrew Cohen sold 450,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the sale, the insider now owns 592 shares of the company’s stock, valued at $42,002.40. This trade represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,518,855 shares of company stock valued at $1,438,682,423 over the last three months. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLTR. UBS Group assumed coverage on Palantir Technologies in a report on Thursday, December 19th. They set a “neutral” rating and a $80.00 price target for the company. Bank of America raised their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Wedbush lifted their target price on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday. Mizuho lifted their price target on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a report on Friday, December 13th. Finally, William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.61.

Palantir Technologies Stock Performance

PLTR opened at $78.98 on Friday. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80. The company has a market capitalization of $179.92 billion, a PE ratio of 394.92, a PEG ratio of 7.08 and a beta of 2.82. The firm’s 50 day simple moving average is $71.70 and its two-hundred day simple moving average is $48.53.

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

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.