Brevan Howard Capital Management LP Buys New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Brevan Howard Capital Management LP purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,000 shares of the company's stock, valued at approximately $303,000.

Several other large investors also recently modified their holdings of the company. Cantor Fitzgerald L. P. lifted its stake in shares of Palantir Technologies by 154.4% in the fourth quarter. Cantor Fitzgerald L. P. now owns 13,171 shares of the company's stock valued at $996,000 after buying an additional 37,365 shares in the last quarter. Captrust Financial Advisors raised its position in Palantir Technologies by 0.3% in the fourth quarter. Captrust Financial Advisors now owns 426,665 shares of the company's stock worth $32,269,000 after acquiring an additional 1,220 shares during the period. Cary Street Partners Financial LLC bought a new stake in Palantir Technologies in the fourth quarter worth about $809,000. Caxton Associates LP purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $295,000. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $2,874,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at $48,988. The trade was a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,978,181 shares of company stock worth $252,115,667 in the last quarter. 9.23% of the stock is owned by company insiders.

Palantir Technologies Trading Up 1.0%

PLTR traded up $1.16 during mid-day trading on Monday, hitting $118.46. 93,955,705 shares of the stock were exchanged, compared to its average volume of 76,014,489. Palantir Technologies Inc. has a 1-year low of $20.60 and a 1-year high of $125.41. The company has a market cap of $277.83 billion, a PE ratio of 623.51, a PEG ratio of 10.84 and a beta of 2.68. The firm's fifty day moving average is $94.23 and its two-hundred day moving average is $82.54.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. During the same period in the prior year, the company earned $0.08 EPS. The firm's revenue was up 39.4% on a year-over-year basis. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PLTR. Robert W. Baird boosted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Jefferies Financial Group lifted their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Finally, Citigroup upped their price target on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $83.95.

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.