DRW Securities LLC Boosts Holdings in Palantir Technologies Inc. $PLTR

Key Points

• DRW Securities LLC increased its stake in Palantir Technologies by 41.2% during the first quarter, owning a total of 22,623 shares valued at approximately $1.9 million by the quarter's end.
• Palantir Technologies reported a 48% increase in revenue year-over-year, reaching $1 billion, and beat analyst expectations for its quarterly earnings with an EPS of $0.16.
• Analysts have mixed ratings on Palantir, with a consensus rating of "Hold" and various price targets ranging from $90 to $200 per share.

DRW Securities LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 41.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,623 shares of the company's stock after acquiring an additional 6,599 shares during the period. DRW Securities LLC's holdings in Palantir Technologies were worth $1,909,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in Palantir Technologies by 15.0% in 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 in the last quarter. Garrison Bradford & Associates Inc. purchased a new position in Palantir Technologies in the 1st quarter worth approximately $45,000. Menard Financial Group LLC lifted its stake in Palantir Technologies by 8.2% in 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 in the last quarter. TCW Group Inc. boosted its holdings in Palantir Technologies by 14.5% in the 1st quarter. TCW Group Inc. now owns 32,031 shares of the company's stock valued at $2,703,000 after purchasing an additional 4,068 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its holdings in Palantir Technologies by 36.3% in the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock valued at $2,030,000 after purchasing an additional 6,405 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR traded up $0.38 during mid-day trading on Tuesday, hitting $157.09. 65,275,079 shares of the company's stock were exchanged, compared to its average volume of 91,396,188. Palantir Technologies Inc. has a fifty-two week low of $29.31 and a fifty-two week high of $190.00. The stock's 50-day moving average is $155.80 and its 200-day moving average is $123.74. The company has a market cap of $372.67 billion, a price-to-earnings ratio of 523.65, a P/E/G ratio of 8.83 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm's revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS. 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 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PLTR shares. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Loop Capital boosted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Citigroup reiterated a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $136.61.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 160,164 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $24,945,543.00. Following the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $92,204. This represents a 99.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 directly owned 702,786 shares in the company, valued at approximately $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 90 days, insiders sold 1,906,783 shares of company stock worth $282,471,442. Corporate insiders own 12.93% of the company's stock.

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.