Aware Super Pty Ltd as trustee of Aware Super Acquires 61,259 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Aware Super Pty Ltd increased its stake in Palantir Technologies by 31.0%, acquiring an additional 61,259 shares, bringing its total holdings to 258,923 shares valued at approximately $35.3 million.
• Insider selling has been notable, with Stephen Andrew Cohen selling 191,720 shares, a 99.69% ownership decrease, while Ryan D. Taylor sold 36,048 shares, reflecting a 10.49% ownership reduction.
• Palantir reported earnings of $0.16 per share for the last quarter, surpassing analysts' expectations, and recorded a revenue increase of 48.0% year-over-year, reaching $1 billion.

Aware Super Pty Ltd as trustee of Aware Super grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 31.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 258,923 shares of the company's stock after acquiring an additional 61,259 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in Palantir Technologies were worth $35,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PLTR. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $450,000. Bison Wealth LLC boosted its position in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after acquiring an additional 4,667 shares during the period. GAMMA Investing LLC boosted its position in shares of Palantir Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company's stock valued at $1,912,000 after acquiring an additional 9,810 shares during the period. Mission Wealth Management LP boosted its position in shares of Palantir Technologies by 7.8% in the first quarter. Mission Wealth Management LP now owns 11,345 shares of the company's stock valued at $958,000 after acquiring an additional 817 shares during the period. Finally, Grimes & Company Inc. bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $260,000. 45.65% of the stock is owned by institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 1,557,750 shares of company stock valued at $239,713,896. Insiders own 9.23% of the company's stock.

Analyst Ratings Changes

PLTR has been the subject of several research reports. Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Citigroup reaffirmed a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and raised their target price for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Loop Capital raised their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $141.28.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $179.62 on Thursday. The stock has a market cap of $426.12 billion, a PE ratio of 598.75, a PEG ratio of 9.72 and a beta of 2.60. The business has a fifty day moving average of $171.78 and a two-hundred day moving average of $141.58. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 10.75% and a net margin of 22.18%.The business's revenue was up 48.0% on a year-over-year basis. During the same period last year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict 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.

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