Baader Bank Aktiengesellschaft Sells 25,393 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Baader Bank Aktiengesellschaft lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 61.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,000 shares of the company's stock after selling 25,393 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Palantir Technologies were worth $1,210,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PLTR. Charles Schwab Investment Management Inc. increased its stake in Palantir Technologies by 60.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company's stock valued at $460,798,000 after buying an additional 4,667,955 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth $876,000. State of Alaska Department of Revenue boosted its holdings in shares of Palantir Technologies by 22.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company's stock worth $13,786,000 after buying an additional 68,945 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Palantir Technologies by 19.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company's stock worth $20,146,000 after buying an additional 87,062 shares during the period. Finally, Tyler Stone Wealth Management boosted its holdings in Palantir Technologies by 97.9% in the 3rd quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company's stock valued at $7,515,000 after purchasing an additional 99,921 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a report on Friday, January 17th. They issued a "neutral" rating and a $72.00 price target for the company. Baird R W raised shares of Palantir Technologies to a "hold" rating in a report on Thursday, December 12th. Northland Securities increased their price objective on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. Mizuho increased their price objective on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an "underperform" rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Seven equities research 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 data from MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus target price of $44.61.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR traded up $1.65 during mid-day trading on Thursday, hitting $81.41. The company's stock had a trading volume of 33,864,072 shares, compared to its average volume of 67,469,656. The stock has a market cap of $185.45 billion, a price-to-earnings ratio of 406.67, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82. Palantir Technologies Inc. has a one year low of $16.03 and a one year high of $84.80. The company's fifty day simple moving average is $72.94 and its 200-day simple moving average is $50.10.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its 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 company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company's revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Insider Activity

In related news, insider Heather A. Planishek sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total transaction of $999,200.00. Following the completion of the transaction, the insider now owns 562,006 shares in the company, valued at approximately $28,077,819.76. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander C. Karp sold 4,500,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $55.03, for a total transaction of $247,635,000.00. Following the transaction, the insider now owns 6,432,258 shares of the company's stock, valued at approximately $353,967,157.74. This represents a 41.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,181,807 shares of company stock valued at $1,288,448,522. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Company 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.