IFM Investors Pty Ltd Raises Holdings in Palantir Technologies Inc. $PLTR

Key Points

• IFM Investors Pty Ltd increased its stake in Palantir Technologies by 7.8% during the second quarter, owning a total of 412,888 shares valued at approximately $56.3 million.
• Recent insider trading saw Ryan D. Taylor and Shyam Sankar selling over 66,000 shares combined, indicating a decrease in their positions by over 10%.
• Palantir Technologies reported a 48% year-over-year increase in revenue, with $1 billion for the last quarter, surpassing analysts' estimates.

IFM Investors Pty Ltd boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 412,888 shares of the company's stock after buying an additional 29,898 shares during the quarter. Palantir Technologies makes up 0.5% of IFM Investors Pty Ltd's holdings, making the stock its 25th biggest holding. IFM Investors Pty Ltd's holdings in Palantir Technologies were worth $56,285,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PLTR. Optima Capital LLC boosted its stake in Palantir Technologies by 0.6% during the first quarter. Optima Capital LLC now owns 12,626 shares of the company's stock worth $1,066,000 after buying an additional 81 shares during the last quarter. Allegiance Financial Group Advisory Services LLC grew its position in shares of Palantir Technologies by 3.0% in the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock worth $246,000 after acquiring an additional 84 shares in the last quarter. Delta Investment Management LLC boosted its position in Palantir Technologies by 1.9% during the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock worth $398,000 after acquiring an additional 90 shares during the period. Sovran Advisors LLC raised its holdings in shares of Palantir Technologies by 1.8% during the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock valued at $460,000 after acquiring an additional 94 shares during the period. Finally, Lodestone Wealth Management LLC increased its position in Palantir Technologies by 1.1% during the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated 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 transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the transaction, the insider directly owned 50,961 shares of the company's stock, valued at approximately $8,000,877. The trade was a 5.21% decrease in their position. 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 quarter. 9.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Loop Capital lifted their price objective 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. The Goldman Sachs Group boosted their price target 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, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $138.28.

Palantir Technologies Stock Up 3.1%

Shares of PLTR traded up $5.42 during mid-day trading on Friday, hitting $182.39. The company had a trading volume of 108,970,930 shares, compared to its average volume of 60,474,068. The stock has a market cap of $432.69 billion, a PE ratio of 607.99, a P/E/G ratio of 10.28 and a beta of 2.59. The business's 50-day simple moving average is $163.32 and its 200-day simple moving average is $130.19. Palantir Technologies Inc. has a 1-year low of $35.71 and a 1-year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping 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 the consensus estimate of $939.29 million. During the same period last year, the firm earned $0.09 earnings per share. The company'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. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current 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.