Janus Henderson Group PLC Has $18.20 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Janus Henderson Group PLC reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 35.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,607 shares of the company’s stock after selling 132,927 shares during the period. Janus Henderson Group PLC’s holdings in Palantir Technologies were worth $18,202,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Jefferies Financial Group Inc. grew its holdings in Palantir Technologies by 106.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 141,855 shares of the company’s stock worth $10,728,000 after acquiring an additional 73,039 shares during the period. Guardian Wealth Advisors LLC NC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $384,000. Geller Advisors LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $471,000. Ground Swell Capital LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $391,000. Finally, Focus Partners Wealth grew its stake in shares of Palantir Technologies by 154.4% in the 4th quarter. Focus Partners Wealth now owns 396,914 shares of the company’s stock valued at $30,019,000 after buying an additional 240,879 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Down 1.6%

NASDAQ:PLTR opened at $128.12 on Friday. The stock has a market capitalization of $300.49 billion, a PE ratio of 674.35, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The firm’s 50 day moving average is $97.69 and its 200 day moving average is $84.26. Palantir Technologies Inc. has a 12 month low of $20.63 and a 12 month high of $133.49.

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

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now owns 592 shares of the company’s stock, valued at $48,988. The trade was a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Heather A. Planishek bought 10,000 shares of the stock in a transaction on Thursday, May 8th. The shares were acquired at an average cost of $116.14 per share, for a total transaction of $1,161,400.00. Following the acquisition, the insider now directly owns 58,006 shares in the company, valued at approximately $6,736,816.84. This trade represents a 20.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 2,964,290 shares of company stock valued at $250,504,866. 12.93% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on PLTR shares. Wedbush set a $140.00 price target on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, May 6th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. DA Davidson lifted their price target on Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Finally, Royal Bank of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five research 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’s stock. According to MarketBeat, the stock presently has an average 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.