Banque Cantonale Vaudoise Sells 13,438 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Banque Cantonale Vaudoise cut its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 14.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,970 shares of the company’s stock after selling 13,438 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Palantir Technologies were worth $1,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in Palantir Technologies by 98,784.2% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 306,971,211 shares of the company’s stock valued at $4,705,869,000 after acquiring an additional 306,660,776 shares in the last quarter. Vanguard Group Inc. boosted its position in Palantir Technologies by 22.4% during the 1st quarter. Vanguard Group Inc. now owns 156,003,743 shares of the company’s stock valued at $2,141,931,000 after acquiring an additional 28,563,749 shares in the last quarter. BlackRock Inc. boosted its position in Palantir Technologies by 2.0% during the 1st quarter. BlackRock Inc. now owns 98,631,611 shares of the company’s stock valued at $833,437,000 after acquiring an additional 1,937,114 shares in the last quarter. State Street Corp boosted its position in Palantir Technologies by 3.0% during the 1st quarter. State Street Corp now owns 35,503,622 shares of the company’s stock valued at $300,003,000 after acquiring an additional 1,047,522 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Palantir Technologies by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 23,712,480 shares of the company’s stock valued at $200,086,000 after acquiring an additional 747,652 shares in the last quarter. 34.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLTR. TheStreet raised Palantir Technologies from a “d” rating to a “c-” rating in a research report on Friday, September 29th. Mizuho lifted their price objective on Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, August 8th. HSBC assumed coverage on Palantir Technologies in a research note on Friday, September 15th. They issued a “hold” rating and a $16.00 price target on the stock. DA Davidson upped their price target on Palantir Technologies from $8.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. Finally, Morgan Stanley downgraded Palantir Technologies from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $8.00 to $9.00 in a research note on Thursday, August 31st. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average target price of $13.25.

Palantir Technologies Price Performance

NYSE:PLTR opened at $19.94 on Wednesday. The firm has a market capitalization of $43.39 billion, a price-to-earnings ratio of 332.39, a price-to-earnings-growth ratio of 3.46 and a beta of 2.70. Palantir Technologies Inc. has a one year low of $5.84 and a one year high of $20.24. The business has a fifty day moving average price of $16.38 and a 200-day moving average price of $15.20.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 325,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $15.40, for a total value of $5,005,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $99,056,773.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Palantir Technologies news, insider Heather A. Planishek sold 5,534 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $14.44, for a total value of $79,910.96. Following the completion of the sale, the insider now owns 812,006 shares in the company, valued at approximately $11,725,366.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 325,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $15.40, for a total value of $5,005,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $99,056,773.20. The disclosure for this sale can be found here. Insiders sold 637,943 shares of company stock worth $9,639,266 in the last three months. Corporate insiders own 13.96% of the company’s stock.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. 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.