Palantir Technologies Inc. $PLTR Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 129.8% during the second quarter, HoldingsChannel reports. The firm owned 32,707 shares of the company’s stock after buying an additional 18,475 shares during the period. WINTON GROUP Ltd’s holdings in Palantir Technologies were worth $4,459,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC grew its stake in shares of 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 purchasing an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC increased its holdings in shares of Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,722 shares during the period. AlphaCore Capital LLC purchased a new stake in shares of Palantir Technologies during the first quarter worth approximately $210,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Palantir Technologies during the first quarter worth $345,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 0.1%

Shares of PLTR opened at $181.49 on Tuesday. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The firm has a market capitalization of $432.57 billion, a P/E ratio of 432.13, a PEG ratio of 7.05 and a beta of 1.50. The firm’s 50-day moving average is $179.05 and its two-hundred day moving average is $162.16.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company’s quarterly revenue was up 62.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 EPS. Analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Morgan Stanley boosted their price target on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Daiwa Capital Markets increased their price target on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, DA Davidson increased their target price on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $172.28.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 21,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $165.95, for a total value of $3,484,950.00. Following the completion of the transaction, the director owned 59,794 shares in the company, valued at $9,922,814.30. This trade represents a 25.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shyam Sankar sold 149,872 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $105,410,476.14. This represents a 18.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,029,844 shares of company stock valued at $168,161,111 in the last 90 days. Insiders own 12.93% of the company’s stock.

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.