Caprock Group LLC Has $6.54 Million Position in Palantir Technologies Inc. (NYSE:PLTR)

Caprock Group LLC boosted its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 5.1% in the third quarter, Holdings Channel reports. The institutional investor owned 175,743 shares of the company’s stock after buying an additional 8,470 shares during the period. Caprock Group LLC’s holdings in Palantir Technologies were worth $6,538,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ProShare Advisors LLC bought a new stake in shares of Palantir Technologies in the first quarter worth $262,000. Orion Portfolio Solutions LLC increased its stake in shares of Palantir Technologies by 7.2% in the first quarter. Orion Portfolio Solutions LLC now owns 58,715 shares of the company’s stock valued at $1,351,000 after buying an additional 3,922 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of Palantir Technologies during the first quarter worth about $990,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Palantir Technologies by 29.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 79,854 shares of the company’s stock worth $1,837,000 after acquiring an additional 18,170 shares during the period. Finally, UniSuper Management Pty Ltd boosted its holdings in Palantir Technologies by 95.6% in the first quarter. UniSuper Management Pty Ltd now owns 26,400 shares of the company’s stock valued at $607,000 after acquiring an additional 12,900 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR opened at $61.25 on Tuesday. The firm has a market capitalization of $139.53 billion, a P/E ratio of 306.27 and a beta of 2.70. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $66.00. The stock has a 50 day moving average price of $43.72 and a two-hundred day moving average price of $32.36.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $9.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 6th. Jefferies Financial Group downgraded Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target for the company. in a report on Thursday, November 7th. Wedbush boosted their price objective on Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.71.

Insider Buying and Selling

In related news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total value of $617,800.00. Following the sale, the director now owns 1,510,630 shares of the company’s stock, valued at approximately $46,663,360.70. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.10, for a total value of $283,950,000.00. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $405,875,479.80. This trade represents a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,551,467 shares of company stock worth $1,435,420,536. 12.93% of the stock is owned by insiders.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.