B & T Capital Management DBA Alpha Capital Management Sells 4,614 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

B & T Capital Management DBA Alpha Capital Management lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 27.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,251 shares of the company’s stock after selling 4,614 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Palantir Technologies were worth $927,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. TrueWealth Advisors LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $582,000. Trivant Custom Portfolio Group LLC raised its holdings in Palantir Technologies by 313.3% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 620 shares of the company’s stock valued at $47,000 after buying an additional 470 shares during the last quarter. Arthur M. Cohen & Associates LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at $1,052,000. LongView Wealth Management bought a new stake in Palantir Technologies in the 4th quarter worth $210,000. Finally, Sax Wealth Advisors LLC purchased a new position in shares of Palantir Technologies in the fourth quarter valued at about $247,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction that occurred on 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 represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,642,189 shares of company stock worth $1,444,232,453 over the last 90 days. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 3.7 %

Shares of NASDAQ:PLTR opened at $71.77 on Friday. The stock has a fifty day simple moving average of $70.49 and a two-hundred day simple moving average of $47.17. Palantir Technologies Inc. has a 12-month low of $16.03 and a 12-month high of $84.80. The stock has a market capitalization of $163.49 billion, a price-to-earnings ratio of 358.87, a PEG ratio of 6.24 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. During the same quarter in the previous year, the business posted $0.03 EPS. Palantir Technologies’s revenue was up 30.0% compared to the same quarter last year. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PLTR shares. Wedbush increased their target price on shares of Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Bank of America lifted their price objective on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Northland Securities upped their target price on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, DA Davidson boosted their price objective on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $43.78.

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.