177,486 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 177,486 shares of the company’s stock, valued at approximately $13,423,000.

A number of other institutional investors also recently modified their holdings of PLTR. Heritage Wealth Management Inc. CA lifted its position in Palantir Technologies by 0.4% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock worth $2,195,000 after acquiring an additional 111 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Palantir Technologies by 29.3% during the fourth quarter. True Wealth Design LLC now owns 503 shares of the company’s stock worth $38,000 after purchasing an additional 114 shares during the period. Westover Capital Advisors LLC increased its stake in shares of Palantir Technologies by 1.8% during the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock worth $554,000 after purchasing an additional 130 shares during the period. Tritonpoint Wealth LLC increased its stake in shares of Palantir Technologies by 1.9% during the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock worth $537,000 after purchasing an additional 132 shares during the period. Finally, Twin Peaks Wealth Advisors LLC increased its stake in shares of Palantir Technologies by 2.2% during the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on PLTR shares. Loop Capital upped their price objective on Palantir Technologies from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Mizuho lifted their price objective on shares of Palantir Technologies from $80.00 to $94.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 6th. Daiwa America upgraded shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Finally, Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price on the stock. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $83.95.

Insider Activity at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 6,776 shares of the business’s 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 sale, the director now owns 184,617 shares in the company, valued at $15,993,370.71. The trade was a 3.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the sale, the director now owns 61,339 shares in the company, valued at $4,983,793.75. This represents a 1.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,945,753 shares of company stock valued at $248,608,160 in the last quarter. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $120.58 on Thursday. Palantir Technologies Inc. has a 52 week low of $20.63 and a 52 week high of $133.49. The stock has a fifty day moving average of $101.18 and a 200-day moving average of $86.53. The stock has a market capitalization of $282.80 billion, a P/E ratio of 634.66, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share 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 company had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same period last year, the company posted $0.08 EPS. The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.