Jacobs Levy Equity Management Inc. Buys 48,098 Shares of Palantir Technologies Inc. $PLTR

Jacobs Levy Equity Management Inc. boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 290.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,681 shares of the company's stock after purchasing an additional 48,098 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Palantir Technologies were worth $5,459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC bought a new position in Palantir Technologies in the 4th quarter worth about $450,000. Bison Wealth LLC boosted its stake in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after purchasing an additional 4,667 shares during the period. First Manhattan CO. LLC. bought a new position in Palantir Technologies in the 4th quarter worth about $208,000. Focus Partners Wealth boosted its stake in Palantir Technologies by 154.4% in the 4th quarter. Focus Partners Wealth now owns 396,914 shares of the company's stock worth $30,019,000 after purchasing an additional 240,879 shares during the period. Finally, Jefferies Financial Group Inc. boosted its stake in Palantir Technologies by 106.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 141,855 shares of the company's stock worth $10,728,000 after purchasing an additional 73,039 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Up 1.5%

Shares of NASDAQ PLTR traded up $2.41 during trading hours on Friday, reaching $166.77. 15,694,464 shares of the stock traded hands, compared to its average volume of 89,642,844. The company has a market capitalization of $395.63 billion, a P/E ratio of 555.11, a price-to-earnings-growth ratio of 9.40 and a beta of 2.59. Palantir Technologies Inc. has a 52-week low of $34.89 and a 52-week high of $190.00. The company's 50-day simple moving average is $159.32 and its two-hundred day simple moving average is $126.29.

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, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business's quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 36,048 shares of the business's stock in a transaction that occurred on 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 transaction, the insider directly owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of the business'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 value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,604,634 shares of company stock worth $245,441,454. 9.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Cantor Fitzgerald lifted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Citigroup reiterated a "neutral" rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Four equities research 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.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $136.61.

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.