Aljian Capital Management LLC Buys Shares of 41,918 Palantir Technologies Inc. (NYSE:PLTR)

Aljian Capital Management LLC bought a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 41,918 shares of the company's stock, valued at approximately $1,559,000.

A number of other large investors also recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of Palantir Technologies by 20.1% during the 1st quarter. Sei Investments Co. now owns 299,667 shares of the company's stock valued at $6,895,000 after acquiring an additional 50,159 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Palantir Technologies in the 1st quarter worth $262,000. Orion Portfolio Solutions LLC raised its holdings in shares of Palantir Technologies by 7.2% during the 1st 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 in the last quarter. Acadian Asset Management LLC grew its position in Palantir Technologies by 0.9% during the first quarter. Acadian Asset Management LLC now owns 530,884 shares of the company's stock valued at $12,210,000 after acquiring an additional 4,984 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in Palantir Technologies during the first quarter valued at approximately $990,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

Shares of NYSE PLTR traded down $4.52 during mid-day trading on Monday, hitting $61.25. 137,129,166 shares of the stock traded hands, compared to its average volume of 58,734,543. The company has a market cap of $137.17 billion, a price-to-earnings ratio of 306.27 and a beta of 2.70. The stock has a fifty day moving average price of $43.72 and a 200-day moving average price of $32.36. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $66.00.

Palantir Technologies (NYSE:PLTR - Get Free Report) last announced its 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. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm had revenue of $725.52 million for the quarter, compared to analysts' expectations of $705.11 million. During the same quarter in the previous year, the business posted $0.03 EPS. The company's quarterly revenue was up 30.0% on a year-over-year basis. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research reports. Wedbush upped their price objective on shares of Palantir Technologies from $38.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Royal Bank of Canada restated an "underperform" rating and set a $9.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 6th. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Citigroup boosted their target price on Palantir Technologies from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, July 30th. Finally, Northland Securities raised their price target on Palantir Technologies from $35.00 to $38.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $31.71.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 4,500,000 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.10, for a total value of $283,950,000.00. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at $405,875,479.80. The trade was a 41.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction 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 directly owns 1,510,630 shares in the company, valued at $46,663,360.70. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,562,840 shares of company stock worth $1,435,787,316. 12.93% of the stock is owned by insiders.

About Palantir Technologies

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.