Gateway Investment Advisers LLC Purchases 7,354 Shares of Palantir Technologies Inc. $PLTR

Gateway Investment Advisers LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 371,058 shares of the company's stock after acquiring an additional 7,354 shares during the period. Gateway Investment Advisers LLC's holdings in Palantir Technologies were worth $50,583,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mechanics Financial Corp bought a new stake in Palantir Technologies during the first quarter valued at about $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies during the first quarter valued at about $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. Richardson Capital Management LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after buying an additional 185 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 21,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the sale, the director directly owned 59,794 shares of the company's stock, valued at $9,922,814.30. This represents a 25.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 30,000 shares of the firm's 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 transaction, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,625,634 shares of company stock valued at $248,926,404 over the last three months. Insiders own 12.93% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PLTR. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and increased their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. 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. Finally, Bank of America increased their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $138.28.

Palantir Technologies Price Performance

PLTR opened at $170.26 on Wednesday. Palantir Technologies Inc. has a one year low of $35.71 and a one year high of $190.00. The company's 50 day simple moving average is $161.32 and its 200-day simple moving average is $128.32. The stock has a market capitalization of $403.91 billion, a P/E ratio of 567.55, a price-to-earnings-growth ratio of 9.65 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $939.29 million. During the same period in the prior year, the firm earned $0.09 earnings per share. Palantir Technologies's 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. As a group, 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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