Federation des caisses Desjardins du Quebec Increases Position in Palantir Technologies Inc. $PLTR

Federation des caisses Desjardins du Quebec increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 163,939 shares of the company's stock after acquiring an additional 19,188 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Palantir Technologies were worth $14,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Northern Trust Corp boosted its position in Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock valued at $1,650,310,000 after buying an additional 64,973 shares during the period. Invesco Ltd. boosted its holdings in shares of Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Palantir Technologies by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock worth $1,149,055,000 after purchasing an additional 571,544 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 purchasing an additional 4,748,513 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the transaction, the insider owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider directly owned 592 shares of the company's stock, valued at $89,611.04. This represents a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,906,783 shares of company stock worth $282,471,442 over the last three months. Company insiders own 12.93% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PLTR shares. Loop Capital increased their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Bank of America raised their price objective on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Citigroup restated a "neutral" rating and issued a $177.00 price objective (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 given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $136.61.

Palantir Technologies Price Performance

Shares of PLTR opened at $157.09 on Wednesday. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The company has a 50-day simple moving average of $156.07 and a two-hundred day simple moving average of $123.98. The firm has a market capitalization of $372.67 billion, a PE ratio of 523.65, a price-to-earnings-growth ratio of 8.83 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $939.29 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business's revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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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