B & T Capital Management DBA Alpha Capital Management Reduces Position in Palantir Technologies Inc. (NASDAQ:PLTR)

B & T Capital Management DBA Alpha Capital Management lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 27.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,251 shares of the company's stock after selling 4,614 shares during the quarter. B & T Capital Management DBA Alpha Capital Management's holdings in Palantir Technologies were worth $927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. TrueWealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $582,000. Trivant Custom Portfolio Group LLC lifted its holdings in shares of Palantir Technologies by 313.3% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 620 shares of the company's stock worth $47,000 after acquiring an additional 470 shares during the last quarter. Arthur M. Cohen & Associates LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $1,052,000. LongView Wealth Management bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $210,000. Finally, Sax Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $247,000. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PLTR shares. DA Davidson raised their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Raymond James downgraded 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 shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. UBS Group started coverage on shares of Palantir Technologies in a research note on Thursday, December 19th. They issued a "neutral" rating and a $80.00 price target on the stock. Finally, Baird R W raised shares of Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $43.78.

Palantir Technologies Trading Up 3.7 %

NASDAQ PLTR traded up $2.53 on Friday, hitting $71.77. 54,590,923 shares of the company's stock traded hands, compared to its average volume of 79,745,712. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80. The firm's 50-day moving average price is $70.49 and its two-hundred day moving average price is $47.17. The firm has a market capitalization of $163.49 billion, a PE ratio of 358.87, a P/E/G ratio of 6.24 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million during the quarter, compared to analysts' expectations of $705.11 million. During the same period in the previous year, the business posted $0.03 EPS. The business's quarterly revenue was up 30.0% compared to the same quarter last year. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 10,721 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $76.78, for a total value of $823,158.38. Following the completion of the sale, the director now owns 100,923 shares of the company's stock, valued at approximately $7,748,867.94. The trade was a 9.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 3,337,048 shares of the business's stock in a transaction on Monday, October 28th. The stock was 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 directly owns 6,432,258 shares of the company's stock, valued at approximately $289,580,255.16. The trade was a 34.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,642,189 shares of company stock worth $1,444,232,453 in the last three months. Company insiders own 12.93% of the company's stock.

About Palantir Technologies

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.