CX Institutional Acquires 1,811 Shares of Palantir Technologies Inc. $PLTR

Key Points

• CX Institutional increased its holdings in Palantir Technologies by 245.7% during the second quarter, purchasing an additional 1,811 shares, bringing its total to 2,548 shares valued at approximately $347,000.
• A variety of hedge funds have made significant transactions involving Palantir, with several increasing their stakes by over 100% in the fourth quarter, contributing to institutional investors owning 45.65% of the stock.
• Palantir Technologies reported a quarterly earnings per share (EPS) of $0.16, exceeding analysts' expectations, with a 48% increase in revenue year-over-year, highlighting strong financial performance.

CX Institutional lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 245.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,548 shares of the company's stock after purchasing an additional 1,811 shares during the quarter. CX Institutional's holdings in Palantir Technologies were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC bought a new position in Palantir Technologies in the fourth quarter valued at approximately $450,000. Bison Wealth LLC increased its stake in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Two Sigma Investments LP increased its stake in Palantir Technologies by 132.4% in the fourth quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock valued at $4,166,000 after acquiring an additional 31,383 shares during the last quarter. Toronto Dominion Bank increased its stake in Palantir Technologies by 266.2% in the fourth quarter. Toronto Dominion Bank now owns 3,932,955 shares of the company's stock valued at $297,449,000 after acquiring an additional 2,859,091 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Palantir Technologies by 26.8% in the fourth quarter. Mackenzie Financial Corp now owns 235,979 shares of the company's stock valued at $17,847,000 after acquiring an additional 49,881 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent analyst reports. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, UBS Group reaffirmed a "neutral" rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $138.28.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred 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 sale, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,634,634 shares of company stock worth $250,524,804 in the last ninety days. Insiders own 12.93% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $179.33 on Tuesday. Palantir Technologies Inc. has a 52-week low of $36.05 and a 52-week high of $190.00. The company has a 50-day simple moving average of $163.92 and a two-hundred day simple moving average of $131.20. The company has a market capitalization of $425.43 billion, a price-to-earnings 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 quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm's quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.

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