Bouvel Investment Partners LLC Reduces Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Bouvel Investment Partners LLC decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,121 shares of the company’s stock after selling 2,998 shares during the quarter. Palantir Technologies comprises approximately 3.0% of Bouvel Investment Partners LLC’s holdings, making the stock its 7th largest position. Bouvel Investment Partners LLC’s holdings in Palantir Technologies were worth $8,404,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PLTR. WINTON GROUP Ltd acquired a new position in shares of Palantir Technologies during the second quarter valued at about $241,000. Dimensional Fund Advisors LP grew its holdings in shares of Palantir Technologies by 10.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock worth $72,963,000 after purchasing an additional 278,544 shares in the last quarter. Edgestream Partners L.P. bought a new position in Palantir Technologies in the second quarter worth $350,000. Axxcess Wealth Management LLC boosted its stake in Palantir Technologies by 264.0% during the second quarter. Axxcess Wealth Management LLC now owns 61,970 shares of the company’s stock worth $1,570,000 after buying an additional 44,943 shares in the last quarter. Finally, Wealth Alliance acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $247,000. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 123,334 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the transaction, the insider now owns 331,369 shares of the company’s stock, valued at $14,911,605. The trade was a 27.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,642,189 shares of company stock worth $1,444,232,453. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

PLTR has been the subject of a number of analyst reports. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Bank of America raised their price target on Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Morgan Stanley restated an “underweight” rating and set a $60.00 target price on shares of Palantir Technologies in a report on Monday, January 6th. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.12.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $69.34 on Friday. The company’s 50 day moving average price is $69.95 and its two-hundred day moving average price is $46.69. Palantir Technologies Inc. has a 52 week low of $16.03 and a 52 week high of $84.80. The company has a market capitalization of $157.95 billion, a P/E ratio of 346.70, a price-to-earnings-growth ratio of 6.24 and a beta of 2.82.

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

Palantir Technologies 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.