Union Bancaire Privee UBP SA Has $49.99 Million Stake in Palantir Technologies Inc. $PLTR

Union Bancaire Privee UBP SA increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 274,033 shares of the company’s stock after purchasing an additional 53,069 shares during the quarter. Palantir Technologies makes up 1.0% of Union Bancaire Privee UBP SA’s holdings, making the stock its 25th largest position. Union Bancaire Privee UBP SA’s holdings in Palantir Technologies were worth $49,989,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth about $450,000. Bison Wealth LLC raised its holdings in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares during the period. Capstone Wealth Management Group LLC lifted its position in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Algert Global LLC acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $2,246,000. Finally, Aptus Capital Advisors LLC lifted its holdings in Palantir Technologies by 3.9% during the 1st quarter. Aptus Capital Advisors LLC now owns 49,594 shares of the company’s stock worth $4,186,000 after purchasing an additional 1,858 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 39,136 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $6,115,000.00. Following the sale, the insider owned 592 shares in the company, valued at $92,500. The trade was a 98.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 1,252 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $157.50, for a total value of $197,190.00. Following the completion of the transaction, the insider directly owned 47,044 shares of the company’s stock, valued at approximately $7,409,430. The trade was a 2.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,017,844 shares of company stock valued at $166,349,351. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $187.75 on Wednesday. The firm has a market cap of $447.49 billion, a price-to-earnings ratio of 447.03, a PEG ratio of 7.10 and a beta of 1.49. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52. The business’s fifty day moving average is $179.50 and its 200-day moving average is $164.76.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PLTR. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. HSBC upped their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Bank of America lifted their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. CICC Research boosted their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Finally, Piper Sandler raised their target price on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $172.28.

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.