AEGON ASSET MANAGEMENT UK Plc Acquires New Holdings in Palantir Technologies Inc. $PLTR

Key Points

• AEGON ASSET MANAGEMENT UK Plc has acquired a new stake in Palantir Technologies Inc., purchasing 142,015 shares valued at approximately $19.36 million during the second quarter.
• Insider selling has been notable, with significant transactions including Stephen Andrew Cohen, who sold 191,720 shares, representing a 99.69% decrease in his ownership of Palantir stock.
• Recently, analysts have downgraded Palantir's rating from "buy" to "hold," reflecting a broader market caution, though a few still set high price targets for the stock.

AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 142,015 shares of the company's stock, valued at approximately $19,359,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the second quarter worth approximately $25,000. Frazier Financial Advisors LLC bought a new position in Palantir Technologies in the second quarter worth approximately $28,000. Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies in the second quarter worth approximately $31,000. Adirondack Trust Co. raised its position in Palantir Technologies by 185.0% in the second quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after acquiring an additional 185 shares during the period. Finally, Mechanics Financial Corp bought a new position in Palantir Technologies in the first quarter worth approximately $25,000. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares of the company's stock, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last ninety days. Corporate insiders own 12.93% of the company's stock.

Analyst Ratings Changes

PLTR has been the topic of several recent research reports. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research report on Monday, September 15th. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price objective for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $141.28.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $179.74 on Wednesday. The company has a market capitalization of $426.40 billion, a price-to-earnings ratio of 599.15, a PEG ratio of 9.61 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $40.36 and a one year high of $190.00. The company's fifty day moving average price is $171.78 and its 200-day moving average price is $141.31.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies's quarterly revenue was up 48.0% on a year-over-year basis. During the same period last year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies 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.

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