Caitlin John LLC Takes $224,000 Position in Palantir Technologies Inc. $PLTR

Key Points

• Caitlin John LLC has acquired a new stake in Palantir Technologies, purchasing 1,645 shares valued at approximately $224,000 in the second quarter.
• Several institutional investors, including Goldman Sachs and Invesco, have also increased their holdings in Palantir, leading to a total institutional ownership of 45.65% of the company's stock.
• Palantir's recent earnings report showed a net revenue of $1 billion for the quarter, exceeding analysts' expectations and representing a 48% year-over-year increase in revenue.

Caitlin John LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,645 shares of the company's stock, valued at approximately $224,000.

A number of other institutional investors have also modified their holdings of the business. Northern Trust Corp grew its position in Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock worth $1,650,310,000 after purchasing an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Palantir Technologies in the second quarter valued at approximately $2,543,888,000. Invesco Ltd. lifted its stake in Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after purchasing an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Palantir Technologies by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock valued at $1,149,055,000 after purchasing an additional 571,544 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLTR. Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Cantor Fitzgerald increased their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and increased their target price for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $138.28.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 21,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the completion of the sale, the director owned 59,794 shares in the company, valued at $9,922,814.30. The trade was a 25.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,625,634 shares of company stock worth $248,926,404 over the last 90 days. Insiders own 12.93% of the company's stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock traded down $3.06 during trading on Monday, hitting $179.33. 45,749,266 shares of the company's stock traded hands, compared to its average volume of 60,825,608. The firm's fifty day moving average price is $163.92 and its 200 day moving average price is $131.20. Palantir Technologies Inc. has a twelve month low of $36.05 and a twelve month high of $190.00. The company has a market cap of $425.43 billion, a PE ratio of 597.79, a PEG ratio of 10.28 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the business earned $0.09 EPS. The firm's revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.