Two Sigma Investments LP Buys 31,383 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Two Sigma Investments LP boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 132.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,083 shares of the company's stock after buying an additional 31,383 shares during the quarter. Two Sigma Investments LP's holdings in Palantir Technologies were worth $4,166,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Palantir Technologies by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after purchasing an additional 4,127,306 shares in the last quarter. Northern Trust Corp increased its holdings in Palantir Technologies by 20.4% in the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock worth $1,473,913,000 after purchasing an additional 3,299,779 shares in the last quarter. Norges Bank bought a new stake in Palantir Technologies in the fourth quarter worth approximately $1,360,191,000. FMR LLC increased its holdings in Palantir Technologies by 22.6% in the fourth quarter. FMR LLC now owns 15,296,371 shares of the company's stock worth $1,156,864,000 after purchasing an additional 2,818,090 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Palantir Technologies by 31.2% in the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after purchasing an additional 3,509,311 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the transaction, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 3,936 shares of Palantir Technologies stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total value of $495,817.92. Following the transaction, the insider now owns 363,755 shares of the company's stock, valued at $45,822,217.35. The trade was a 1.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,901,701 shares of company stock worth $370,407,533. 9.23% of the stock is owned by insiders.

Palantir Technologies Trading Down 1.2%

NASDAQ PLTR traded down $1.44 on Thursday, hitting $122.32. The company's stock had a trading volume of 62,834,015 shares, compared to its average volume of 78,213,696. Palantir Technologies Inc. has a 52-week low of $21.01 and a 52-week high of $133.49. The firm has a market cap of $286.88 billion, a P/E ratio of 643.82, a PEG ratio of 10.84 and a beta of 2.68. The company's 50-day simple moving average is $104.78 and its 200 day simple moving average is $88.97.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. DA Davidson boosted their price objective on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. UBS Group upped their price target on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Mizuho upped their price target on Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a report on Tuesday, May 6th. Northland Securities upped their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research report on Tuesday, February 4th. Finally, Loop Capital upped their price target on Palantir Technologies from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $83.95.

About Palantir Technologies

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.