B & T Capital Management DBA Alpha Capital Management Cuts Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

B & T Capital Management DBA Alpha Capital Management trimmed its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 37.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,865 shares of the company’s stock after selling 10,020 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in Palantir Technologies were worth $627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Quotient Wealth Partners LLC increased its holdings in shares of Palantir Technologies by 21.6% during the third quarter. Quotient Wealth Partners LLC now owns 11,419 shares of the company’s stock valued at $425,000 after acquiring an additional 2,026 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of Palantir Technologies in the third quarter valued at about $841,000. UMB Bank n.a. lifted its stake in shares of Palantir Technologies by 5.6% in the 3rd quarter. UMB Bank n.a. now owns 290,122 shares of the company’s stock valued at $10,793,000 after purchasing an additional 15,308 shares during the last quarter. Cadinha & Co. LLC increased its holdings in Palantir Technologies by 282.1% in the 3rd quarter. Cadinha & Co. LLC now owns 105,633 shares of the company’s stock valued at $3,930,000 after purchasing an additional 77,988 shares during the last quarter. Finally, Atlas Private Wealth Advisors grew its holdings in shares of Palantir Technologies by 30.0% in the third quarter. Atlas Private Wealth Advisors now owns 59,576 shares of the company’s stock valued at $2,216,000 after purchasing an additional 13,750 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

NYSE:PLTR traded up $0.39 on Thursday, hitting $43.52. 42,457,661 shares of the stock were exchanged, compared to its average volume of 57,274,313. Palantir Technologies Inc. has a 52 week low of $14.48 and a 52 week high of $43.88. The company’s 50-day moving average price is $33.35 and its 200 day moving average price is $27.16. The stock has a market capitalization of $96.91 billion, a price-to-earnings ratio of 360.92 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The business had revenue of $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. During the same period in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on PLTR. Royal Bank of Canada reiterated an “underperform” rating and issued a $9.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 6th. Northland Capmk raised Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Argus assumed coverage on Palantir Technologies in a report on Monday, June 17th. They set a “buy” rating and a $29.00 target price on the stock. DA Davidson upped their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, Wedbush lifted their price target on shares of Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.29.

Insiders Place Their Bets

In other Palantir Technologies news, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $39.95, for a total transaction of $799,000.00. Following the transaction, the insider now directly owns 562,006 shares in the company, valued at approximately $22,452,139.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider David A. Glazer sold 90,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the transaction, the insider now directly owns 298,012 shares of the company’s stock, valued at approximately $8,749,632.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $39.95, for a total value of $799,000.00. Following the sale, the insider now directly owns 562,006 shares of the company’s stock, valued at approximately $22,452,139.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,831,855 shares of company stock valued at $649,330,295 in the last ninety days. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Profile

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