Wealthcare Advisory Partners LLC Cuts Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Wealthcare Advisory Partners LLC decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,519 shares of the company's stock after selling 4,070 shares during the period. Wealthcare Advisory Partners LLC's holdings in Palantir Technologies were worth $1,930,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position 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 valued at $72,963,000 after purchasing an additional 278,544 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Palantir Technologies during the second quarter valued at approximately $350,000. Wealth Alliance bought a new position in Palantir Technologies in the second quarter worth approximately $247,000. Mercer Global Advisors Inc. ADV boosted its stake in shares of Palantir Technologies by 18.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 189,550 shares of the company's stock worth $4,728,000 after acquiring an additional 30,030 shares during the last quarter. Finally, Amalgamated Bank grew its position in shares of Palantir Technologies by 5.0% during the 2nd quarter. Amalgamated Bank now owns 135,982 shares of the company's stock valued at $3,444,000 after acquiring an additional 6,472 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 3.7 %

Shares of NASDAQ:PLTR traded up $2.53 during trading on Friday, reaching $71.77. The company's stock had a trading volume of 54,590,923 shares, compared to its average volume of 79,745,712. The firm's 50 day simple moving average is $70.49 and its two-hundred day simple moving average is $47.32. 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 PE ratio of 358.87, a price-to-earnings-growth ratio of 6.24 and a beta of 2.82.

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

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now directly owns 62,139 shares in the company, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 123,334 shares of Palantir Technologies stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the sale, the insider now owns 331,369 shares of the company's stock, valued at $14,911,605. The trade was a 27.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453. 12.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PLTR. The Goldman Sachs Group raised their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Raymond James cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. William Blair reissued an "underperform" rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Wedbush raised their target price on shares of Palantir Technologies from $57.00 to $75.00 and gave the stock an "outperform" rating in a research note on Monday, November 25th. Finally, Robert W. Baird assumed coverage on shares of Palantir Technologies in a research report on Thursday, December 12th. They issued a "neutral" rating and a $70.00 price target for the company. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Palantir Technologies has an average rating of "Hold" and an average target price of $43.78.

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.