Compagnie Lombard Odier SCmA Raises Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Compagnie Lombard Odier SCmA increased its holdings in Palantir Technologies Inc. by 25.2% during the second quarter, owning 136,574 shares valued at approximately $18.6 million.
• Multiple institutional investors, including Goldman Sachs and Price T Rowe Associates, have also significantly increased their stakes in Palantir, reflecting growing confidence in the company.
• Palantir Technologies reported earnings per share of $0.16 for the last quarter, surpassing analyst estimates, and its revenue surged by 48% year-over-year.

Compagnie Lombard Odier SCmA increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 25.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,574 shares of the company's stock after acquiring an additional 27,509 shares during the period. Compagnie Lombard Odier SCmA's holdings in Palantir Technologies were worth $18,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new stake in Palantir Technologies during the 2nd quarter valued at approximately $2,543,888,000. Nuveen LLC purchased a new stake in shares of Palantir Technologies in the first quarter worth about $520,232,000. Price T Rowe Associates Inc. MD grew its holdings in Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Palantir Technologies by 38.5% in 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 acquiring an additional 4,221,392 shares during the period. Finally, Amundi boosted its position in Palantir Technologies by 56.1% in the 1st quarter. Amundi now owns 10,620,301 shares of the company's stock worth $887,857,000 after purchasing an additional 3,815,386 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the sale, the director directly owned 50,794 shares in the company, valued at $9,021,014.40. This represents a 15.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction dated 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 in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,634,634 shares of company stock worth $250,524,804 in the last 90 days. Insiders own 12.93% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PLTR shares. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada raised their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, Wall Street Zen cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Four equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $138.28.

Palantir Technologies Stock Down 1.7%

NASDAQ PLTR opened at $179.33 on Tuesday. The firm has a market cap of $425.43 billion, a PE ratio of 597.79, a P/E/G ratio of 10.28 and a beta of 2.59. Palantir Technologies Inc. has a 52 week low of $36.05 and a 52 week high of $190.00. The business's fifty day simple moving average is $163.92 and its 200-day simple moving average is $131.20.

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 the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies's revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS 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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