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

Bartlett & CO. Wealth Management LLC lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 26.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 850 shares of the company’s stock after selling 300 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Palantir Technologies were worth $64,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PLTR. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 278,544 shares in the last quarter. XTX Topco Ltd acquired a new position in Palantir Technologies during the 2nd quarter valued at approximately $330,000. Thrivent Financial for Lutherans increased its stake in Palantir Technologies by 20.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 52,732 shares of the company’s stock valued at $1,336,000 after purchasing an additional 9,109 shares in the last quarter. ProShare Advisors LLC increased its stake in Palantir Technologies by 14.9% during the 2nd quarter. ProShare Advisors LLC now owns 13,100 shares of the company’s stock valued at $332,000 after purchasing an additional 1,702 shares in the last quarter. Finally, Fred Alger Management LLC increased its stake in Palantir Technologies by 95.6% during the 2nd quarter. Fred Alger Management LLC now owns 120,153 shares of the company’s stock valued at $3,043,000 after purchasing an additional 58,724 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In other news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 3,337,048 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $289,580,255.16. This trade represents a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,518,855 shares of company stock worth $1,438,682,423 over the last three months. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on PLTR shares. Bank of America upped their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, November 25th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Mizuho increased their price objective on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. Robert W. Baird began coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They issued a “neutral” rating and a $70.00 price objective on the stock. Finally, Jefferies Financial Group lowered shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective on the stock. in a research note on Thursday, November 7th. Seven investment 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, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $44.61.

Palantir Technologies Price Performance

PLTR opened at $78.98 on Friday. The company has a market cap of $179.92 billion, a price-to-earnings ratio of 394.92, a PEG ratio of 7.08 and a beta of 2.82. Palantir Technologies Inc. has a 52-week low of $16.03 and a 52-week high of $84.80. The firm’s fifty day simple moving average is $71.70 and its two-hundred day simple moving average is $48.53.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business 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 company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 earnings per share. On average, research analysts forecast that Palantir Technologies Inc. will post 0.2 EPS 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.