3,901 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Caxton Associates LP

Caxton Associates LP acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,901 shares of the company’s stock, valued at approximately $295,000.

Several other large investors also recently modified their holdings of the stock. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $27,000. First PREMIER Bank bought a new stake in Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC increased its holdings in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares in the last quarter. HighMark Wealth Management LLC increased its holdings in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $31,000. 45.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the sale, the director now owns 184,617 shares of the company’s stock, valued at $15,993,370.71. This represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather A. Planishek sold 18,537 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the completion of the sale, the insider now directly owns 493,469 shares in the company, valued at $50,491,748.08. This represents a 3.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,978,181 shares of company stock worth $252,115,667 over the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Daiwa America upgraded Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Citigroup lifted their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Morgan Stanley increased their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Tuesday. William Blair set a $84.00 target price on shares of Palantir Technologies in a research report on Wednesday, March 5th. Finally, Bank of America raised their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $83.70.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $110.43 on Thursday. The company has a market capitalization of $259.00 billion, a price-to-earnings ratio of 581.24, a P/E/G ratio of 10.84 and a beta of 2.68. The firm’s 50 day simple moving average is $92.85 and its 200 day simple moving average is $80.95. Palantir Technologies Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $125.41.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. During the same period last year, the firm posted $0.08 earnings per share. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.