Palantir Technologies Inc. $PLTR is Bayforest Capital Ltd's 7th Largest Position

Key Points

• Bayforest Capital Ltd has significantly increased its stake in Palantir Technologies Inc. by 264.3%, acquiring a total of 16,452 shares valued at approximately $1.39 million.
• Other institutional investors, including Assenagon Asset Management and Menard Financial Group, have also raised their holdings in Palantir, indicating growing confidence among hedge funds.
• Palantir's latest quarterly earnings reported $0.16 EPS, exceeding expectations, with a revenue increase of 48% from the previous year, suggesting strong financial performance.

Bayforest Capital Ltd lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 264.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,452 shares of the company's stock after buying an additional 11,936 shares during the period. Palantir Technologies makes up approximately 0.6% of Bayforest Capital Ltd's portfolio, making the stock its 7th biggest holding. Bayforest Capital Ltd's holdings in Palantir Technologies were worth $1,389,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies in the 1st quarter worth approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth approximately $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth approximately $27,000. Richardson Capital Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 4.3%

Shares of Palantir Technologies stock traded up $7.07 during trading on Friday, hitting $171.43. The stock had a trading volume of 54,004,046 shares, compared to its average volume of 89,857,047. The firm has a market cap of $406.69 billion, a price-to-earnings ratio of 571.45, a P/E/G ratio of 9.40 and a beta of 2.59. Palantir Technologies Inc. has a 12 month low of $34.89 and a 12 month high of $190.00. The business's 50-day moving average is $159.32 and its 200 day moving average is $126.29.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion for 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%. The business's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company's stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,604,634 shares of company stock valued at $245,441,454. Corporate insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PLTR shares. Piper Sandler set a $182.00 target price on Palantir Technologies in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $136.61.

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.