Compound Planning Inc. Grows Stake in Palantir Technologies Inc. $PLTR

Key Points

• Compound Planning Inc. increased its stake in Palantir Technologies by 51.5%, acquiring an additional 13,487 shares, resulting in total ownership of 39,670 shares worth $3,348,000.
• Several institutional investors modified their holdings in Palantir during the fourth quarter, with a collective 45.65% of the stock being owned by hedge funds and other institutions.
• Analysts have raised price targets for Palantir, with Mizuho raising its rating from "underperform" to "neutral" and setting a new target of $135.00, reflecting a broader sentiment shift towards the stock.

Compound Planning Inc. increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 51.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,670 shares of the company's stock after purchasing an additional 13,487 shares during the period. Compound Planning Inc.'s holdings in Palantir Technologies were worth $3,348,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in shares of Palantir Technologies by 15.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock worth $4,191,000 after purchasing an additional 6,479 shares during the period. Garrison Bradford & Associates Inc. purchased a new position in shares of Palantir Technologies during the 1st quarter worth about $45,000. Menard Financial Group LLC boosted its stake in shares of Palantir Technologies by 8.2% during the 1st quarter. Menard Financial Group LLC now owns 25,938 shares of the company's stock worth $2,189,000 after purchasing an additional 1,964 shares during the period. TCW Group Inc. boosted its stake in shares of Palantir Technologies by 14.5% during the 1st quarter. TCW Group Inc. now owns 32,031 shares of the company's stock worth $2,703,000 after purchasing an additional 4,068 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its stake in shares of Palantir Technologies by 36.3% during the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock worth $2,030,000 after purchasing an additional 6,405 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded up $2.56 during trading hours on Friday, hitting $158.74. The company's stock had a trading volume of 101,782,072 shares, compared to its average volume of 77,128,816. Palantir Technologies Inc. has a 52 week low of $29.31 and a 52 week high of $190.00. The company has a market capitalization of $376.59 billion, a price-to-earnings ratio of 529.15, a P/E/G ratio of 8.95 and a beta of 2.60. The firm's fifty day moving average price is $153.61 and its 200 day moving average price is $121.91.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS 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 during the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the business posted $0.09 EPS. The company's quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 30,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares of the company's stock, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 8,047 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $1,253,320.25. Following the completion of the sale, the insider owned 474,399 shares of the company's stock, valued at approximately $73,887,644.25. This trade represents a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,906,783 shares of company stock worth $282,471,442. 9.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent analyst reports. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Loop Capital boosted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Mizuho raised shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average 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.