Caxton Associates LLP Buys 14,575 Shares of Palantir Technologies Inc. $PLTR

Caxton Associates LLP raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 54.7% during the second quarter, HoldingsChannel reports. The fund owned 41,204 shares of the company’s stock after buying an additional 14,575 shares during the period. Caxton Associates LLP’s holdings in Palantir Technologies were worth $5,617,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the last quarter. State Street Corp boosted its holdings in shares of Palantir Technologies by 6.9% during the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock valued at $12,879,667,000 after acquiring an additional 6,097,629 shares during the last quarter. Norges Bank bought a new stake in shares of Palantir Technologies in the second quarter worth approximately $3,307,457,000. Invesco Ltd. raised its holdings in shares of Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock valued at $2,806,182,000 after purchasing an additional 2,838,300 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after purchasing an additional 64,973 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Northland Securities raised their target price on shares of Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. Citigroup increased their price target on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Daiwa Capital Markets raised their price target on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Jefferies Financial Group reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Palantir Technologies in a report on Monday, December 8th. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $172.28.

Insider Activity

In related news, insider Alexander C. Karp sold 359,325 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,054,825,989.42. The trade was a 5.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 15,557 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the completion of the sale, the insider directly owned 415,612 shares of the company’s stock, valued at $68,156,211.88. This represents a 3.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,008,844 shares of company stock worth $164,676,161. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $183.57 on Friday. The company has a market cap of $437.53 billion, a price-to-earnings ratio of 437.08, a PEG ratio of 7.12 and a beta of 1.49. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52. The firm has a fifty day moving average price of $179.31 and a 200-day moving average price of $163.62.

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

Palantir Technologies 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.