Cookson Peirce & Co. Inc. Has $29.80 Million Position in Palantir Technologies Inc. $PLTR

Key Points

• Cookson Peirce & Co. Inc. increased its holdings in Palantir Technologies by 173.4%, owning 218,621 shares worth approximately $29.80 million, making it the firm's 29th largest holding.
• Palantir's stock has experienced mixed analyst ratings, with five analysts rating it as "Buy," while fifteen have assigned a "Hold" rating, reflecting a consensus rating of "Hold."
• Insider trading activity showed significant sales, with insiders selling over 1.5 million shares valued at nearly $240 million in the last three months, indicating a notable decline in ownership among company officials.

Cookson Peirce & Co. Inc. boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 173.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,621 shares of the company's stock after buying an additional 138,645 shares during the period. Palantir Technologies comprises 1.3% of Cookson Peirce & Co. Inc.'s portfolio, making the stock its 29th largest holding. Cookson Peirce & Co. Inc.'s holdings in Palantir Technologies were worth $29,802,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp boosted its stake in shares of Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company's stock valued at $73,204,000 after purchasing an additional 21,809 shares in the last quarter. Presilium Private Wealth LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at $204,000. New Century Financial Group LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock valued at $984,786,000 after purchasing an additional 1,135,841 shares in the last quarter. Finally, Synergy Asset Management LLC boosted its stake in shares of Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company's stock valued at $1,312,000 after purchasing an additional 2,606 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on PLTR shares. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $141.28.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company's stock, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 1,557,750 shares of company stock worth $239,713,896. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Stock Down 0.0%

Palantir Technologies stock opened at $181.51 on Wednesday. The stock has a 50-day simple moving average of $171.39 and a 200 day simple moving average of $144.68. Palantir Technologies Inc. has a 12-month low of $40.90 and a 12-month high of $190.00. The stock has a market capitalization of $430.60 billion, a price-to-earnings ratio of 605.05, a P/E/G ratio of 9.84 and a beta of 2.60.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period in the previous year, the business posted $0.09 earnings per share. The firm's revenue for the quarter 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. As a group, sell-side analysts anticipate 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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