IFM Investors Pty Ltd Has $56.29 Million Stock Position 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 lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 7.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 412,888 shares of the company's stock after purchasing an additional 29,898 shares during the quarter. Palantir Technologies comprises 0.5% of IFM Investors Pty Ltd's holdings, making the stock its 25th biggest position. IFM Investors Pty Ltd's holdings in Palantir Technologies were worth $56,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PLTR. Optima Capital LLC increased its position in shares of Palantir Technologies by 0.6% in the first quarter. Optima Capital LLC now owns 12,626 shares of the company's stock worth $1,066,000 after purchasing an additional 81 shares during the period. Allegiance Financial Group Advisory Services LLC increased its position in shares of Palantir Technologies by 3.0% in the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock worth $246,000 after purchasing an additional 84 shares during the period. Delta Investment Management LLC increased its position in shares of Palantir Technologies by 1.9% in the first quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock worth $398,000 after purchasing an additional 90 shares during the period. Sovran Advisors LLC increased its position in shares of Palantir Technologies by 1.8% in the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after purchasing an additional 94 shares during the period. Finally, Lodestone Wealth Management LLC increased its position in shares of Palantir Technologies by 1.1% in the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after purchasing an additional 97 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 1.7%

Shares of PLTR stock traded down $3.06 during mid-day trading on Monday, reaching $179.33. 45,749,266 shares of the stock traded hands, compared to its average volume of 60,825,608. The stock's fifty day simple moving average is $163.92 and its two-hundred day simple moving average is $131.20. Palantir Technologies Inc. has a 1-year low of $36.05 and a 1-year high of $190.00. The company has a market cap of $425.43 billion, a price-to-earnings ratio of 597.79, a price-to-earnings-growth ratio of 10.28 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating 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 firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period last year, the firm posted $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. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PLTR shares. The Goldman Sachs Group raised their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a research report 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 report on Tuesday, August 5th. Finally, Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Four research 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $138.28.

Insider Activity

In other news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider directly owned 50,961 shares of the company's stock, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at $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. In the last ninety days, insiders sold 1,634,634 shares of company stock valued at $250,524,804. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies 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.