B. Metzler seel. Sohn & Co. AG Buys 14,954 Shares of Palantir Technologies Inc. $PLTR

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Palantir Technologies Inc. by 23.5%, acquiring 14,954 shares, bringing their total holdings to 78,704 shares valued at $6.6 million.
• Palantir's stock price has experienced analyst upgrades, with targets set by Goldman Sachs, Wedbush, and Bank of America ranging between $141.00 to $200.00, while the average target price stands at $136.61.
• Insider trading activity shows significant selling, with insiders selling over 1.9 million shares of stock valued at approximately $282 million in the last 90 days.

B. Metzler seel. Sohn & Co. AG grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 23.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,704 shares of the company's stock after acquiring an additional 14,954 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Palantir Technologies were worth $6,643,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies in the first quarter worth $25,000. Cornerstone Planning Group LLC raised its stake in shares of Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares during the last quarter. Richardson Capital Management LLC purchased a new position in shares of Palantir Technologies in the first quarter worth $33,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Palantir Technologies by 45.5% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the last quarter. Finally, Capital Analysts LLC raised its stake in shares of Palantir Technologies by 97.1% in the first quarter. Capital Analysts LLC now owns 406 shares of the company's stock worth $34,000 after purchasing an additional 200 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a research note on Tuesday, August 5th. Cantor Fitzgerald boosted their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, Bank of America upped their price objective on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $136.61.

Palantir Technologies Stock Down 2.6%

Shares of PLTR opened at $156.72 on Thursday. The business has a 50-day simple moving average of $154.71 and a two-hundred day simple moving average of $122.81. The stock has a market cap of $371.79 billion, a price-to-earnings ratio of 522.42, a PEG ratio of 9.07 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $29.31 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business 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 quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,076 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $167,587.00. Following the completion of the sale, the insider owned 53,764 shares in the company, valued at $8,373,743. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 9,211 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $1,434,613.25. Following the completion of the sale, the insider owned 343,518 shares of the company's stock, valued at approximately $53,502,928.50. The trade was a 2.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,906,783 shares of company stock valued at $282,471,442. 9.23% of the stock is currently owned by corporate insiders.

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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