Caxton Associates LLP Increases Stake in Palantir Technologies Inc. $PLTR

Caxton Associates LLP increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 54.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,204 shares of the company’s stock after purchasing an additional 14,575 shares during the quarter. Caxton Associates LLP’s holdings in Palantir Technologies were worth $5,617,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC increased its holdings in shares of Palantir Technologies by 2.1% in the second quarter. CYBER HORNET ETFs LLC now owns 5,232 shares of the company’s stock worth $713,000 after buying an additional 106 shares during the period. FORA Capital LLC grew its position in Palantir Technologies by 4.7% during the 2nd quarter. FORA Capital LLC now owns 113,567 shares of the company’s stock worth $15,481,000 after acquiring an additional 5,132 shares during the last quarter. Evergreen Capital Management LLC grew its position in Palantir Technologies by 17.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 40,702 shares of the company’s stock worth $5,548,000 after acquiring an additional 6,010 shares during the last quarter. Strategic Investment Advisors MI purchased a new position in Palantir Technologies in the 2nd quarter worth approximately $288,000. Finally, High Falls Advisors Inc bought a new stake in Palantir Technologies in the second quarter valued at approximately $521,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 2.1%

NASDAQ:PLTR opened at $183.57 on Friday. The company has a 50-day moving average price of $179.31 and a 200-day moving average price of $163.62. The stock has a market cap of $437.53 billion, a price-to-earnings ratio of 437.08, a P/E/G ratio of 7.12 and a beta of 1.49. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results 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 prior year, the firm earned $0.10 earnings per share. Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the topic of several recent analyst reports. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. HSBC increased their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Palantir Technologies in a research report on Monday, December 8th. Citigroup increased their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Mizuho raised their target price on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Four 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $172.28.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 359,325 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $58,925,706.75. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $1,054,825,989.42. This represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the transaction, the insider directly owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This represents a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,008,844 shares of company stock worth $164,676,161. 9.23% of the stock is owned by insiders.

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.