USS Investment Management Ltd Has $24.01 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

USS Investment Management Ltd reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 317,380 shares of the company's stock after selling 27,976 shares during the period. USS Investment Management Ltd's holdings in Palantir Technologies were worth $24,011,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Heritage Wealth Management Inc. CA increased its holdings in shares of Palantir Technologies by 0.4% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock worth $2,195,000 after buying an additional 111 shares during the last quarter. True Wealth Design LLC grew its holdings in Palantir Technologies by 29.3% during the 4th quarter. True Wealth Design LLC now owns 503 shares of the company's stock valued at $38,000 after purchasing an additional 114 shares during the last quarter. Westover Capital Advisors LLC grew its holdings in Palantir Technologies by 1.8% during the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock valued at $554,000 after purchasing an additional 130 shares during the last quarter. Tritonpoint Wealth LLC grew its holdings in Palantir Technologies by 1.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock valued at $537,000 after purchasing an additional 132 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC grew its holdings in Palantir Technologies by 2.2% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company's stock valued at $493,000 after purchasing an additional 139 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR stock traded down $5.01 during mid-day trading on Wednesday, reaching $120.58. 80,301,731 shares of the company were exchanged, compared to its average volume of 77,331,731. Palantir Technologies Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $133.49. The company has a market capitalization of $282.80 billion, a P/E ratio of 634.66, a P/E/G ratio of 10.84 and a beta of 2.68. The business's 50 day simple moving average is $101.18 and its 200 day simple moving average is $86.53.

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

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the transaction, the insider now owns 702,786 shares of the company's stock, valued at $64,958,509.98. The trade was a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Heather A. Planishek sold 18,537 shares of Palantir Technologies stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $102.32, for a total value of $1,896,705.84. Following the transaction, the insider now directly owns 493,469 shares in the company, valued at approximately $50,491,748.08. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,964,290 shares of company stock valued at $250,504,866. 9.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Bank of America boosted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group boosted their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $83.95.

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.