AQR Capital Management LLC Buys 439,770 Shares of Palantir Technologies Inc. $PLTR

AQR Capital Management LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 19.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,678,278 shares of the company’s stock after purchasing an additional 439,770 shares during the period. AQR Capital Management LLC owned about 0.11% of Palantir Technologies worth $365,103,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PLTR. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth about $25,000. Briaud Financial Planning Inc purchased a new stake in Palantir Technologies during the second quarter valued at about $27,000. LFA Lugano Financial Advisors SA bought a new position in Palantir Technologies during the second quarter worth about $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Palantir Technologies in the second quarter worth about $28,000. Finally, MTM Investment Management LLC purchased a new position in shares of Palantir Technologies in the second quarter worth about $31,000. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PLTR shares. The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. UBS Group lifted their price target on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Robert W. Baird increased their price objective on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $172.28.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $183.57 on Friday. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52. The firm has a market cap of $437.53 billion, a PE ratio of 437.08, a PEG ratio of 7.27 and a beta of 1.49. The company has a 50 day simple moving average of $179.31 and a two-hundred day simple moving average of $163.34.

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

Insider Activity

In related news, insider David A. Glazer sold 1,973 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $308,281.25. Following the transaction, the insider directly owned 413,639 shares of the company’s stock, valued at approximately $64,631,093.75. This trade represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey Buckley sold 1,252 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly owned 47,044 shares of the company’s stock, valued at approximately $7,409,430. This represents a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,008,844 shares of company stock valued at $164,676,161. 9.23% of the stock is owned by insiders.

Palantir Technologies Company 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.