Dark Forest Capital Management LP Has $16.93 Million Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Dark Forest Capital Management LP raised its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 1,233.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 668,218 shares of the company’s stock after acquiring an additional 618,108 shares during the period. Palantir Technologies makes up approximately 3.1% of Dark Forest Capital Management LP’s holdings, making the stock its 2nd largest holding. Dark Forest Capital Management LP’s holdings in Palantir Technologies were worth $16,926,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Palantir Technologies by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after acquiring an additional 6,466,596 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in Palantir Technologies by 248,208.2% in the first quarter. 1832 Asset Management L.P. now owns 3,625,300 shares of the company’s stock worth $83,418,000 after purchasing an additional 3,623,840 shares during the period. Marshall Wace LLP boosted its position in shares of Palantir Technologies by 594.3% in the 2nd quarter. Marshall Wace LLP now owns 3,550,176 shares of the company’s stock worth $89,926,000 after purchasing an additional 3,038,861 shares in the last quarter. Norges Bank purchased a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $46,542,000. Finally, Coatue Management LLC increased its position in Palantir Technologies by 285.6% during the 4th quarter. Coatue Management LLC now owns 3,447,363 shares of the company’s stock valued at $59,191,000 after buying an additional 2,553,432 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several analyst reports. Monness Crespi & Hardt dropped their target price on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Wedbush reissued an “outperform” rating and set a $38.00 price objective on shares of Palantir Technologies in a research report on Monday, September 9th. The Goldman Sachs Group lifted their target price on shares of Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Finally, Jefferies Financial Group upped their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.79.

Palantir Technologies Stock Performance

NYSE PLTR opened at $37.12 on Thursday. The business’s fifty day moving average is $31.10 and its 200 day moving average is $26.15. Palantir Technologies Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $38.19. The company has a market capitalization of $83.12 billion, a PE ratio of 309.32 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. During the same quarter last year, the firm posted $0.01 earnings per share. The company’s revenue was up 27.2% compared to the same quarter last year. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 2,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $28.97, for a total value of $57,940.00. Following the completion of the transaction, the director now owns 69,039 shares of the company’s stock, valued at $2,000,059.83. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Lauren Elaina Friedman Stat sold 2,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $28.97, for a total transaction of $57,940.00. Following the completion of the transaction, the director now directly owns 69,039 shares of the company’s stock, valued at $2,000,059.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric H. Woersching sold 3,026 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $28.00, for a total transaction of $84,728.00. Following the completion of the sale, the director now owns 29,817 shares in the company, valued at approximately $834,876. The disclosure for this sale can be found here. Insiders have sold 5,389,893 shares of company stock worth $190,485,693 in the last three months. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.