Caxton Associates LLP Makes New Investment in Palantir Technologies Inc. $PLTR

Key Points

• Caxton Associates LLP has made a new investment in Palantir Technologies by acquiring 26,629 shares valued at approximately $2,247,000 during the first quarter.
• Insider Ryan D. Taylor sold 33,335 shares of Palantir stock, decreasing their ownership significantly, while Stephen Andrew Cohen sold 191,720 shares, representing a nearly complete divestment.
• Several Wall Street analysts have set price targets for Palantir, with estimates ranging from $135.00 to $200.00, indicating varied outlooks for the company's future performance.

Caxton Associates LLP purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,629 shares of the company's stock, valued at approximately $2,247,000.

Several other large investors also recently bought and sold shares of the stock. Allegiance Financial Group Advisory Services LLC increased its holdings in Palantir Technologies by 3.0% during the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock worth $246,000 after purchasing an additional 84 shares during the period. Delta Investment Management LLC increased its holdings in Palantir Technologies by 1.9% during the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock worth $398,000 after purchasing an additional 90 shares during the period. Sovran Advisors LLC increased its holdings in shares of Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock valued at $460,000 after acquiring an additional 94 shares during the last quarter. Lodestone Wealth Management LLC increased its holdings in shares of Palantir Technologies by 1.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after acquiring an additional 97 shares during the last quarter. Finally, Continuum Advisory LLC increased its holdings in shares of Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $150.00, for a total value of $5,000,250.00. Following the transaction, the insider directly owned 363,755 shares in the company, valued at approximately $54,563,250. This trade represents a 8.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,568,586 shares of company stock worth $239,733,253. 12.93% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PLTR shares. Piper Sandler set a $182.00 price objective on Palantir Technologies in a report on Tuesday, August 5th. Loop Capital increased their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average price target of $136.61.

Palantir Technologies Stock Up 2.0%

NASDAQ:PLTR opened at $156.10 on Tuesday. The stock's 50 day moving average price is $157.39 and its 200 day moving average price is $125.24. The company has a market capitalization of $370.32 billion, a PE ratio of 520.35, a P/E/G ratio of 8.63 and a beta of 2.59. Palantir Technologies Inc. has a 52-week low of $32.47 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm's quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.

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