Jupiter Asset Management Ltd. Buys 306,938 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Jupiter Asset Management boosted its Palantir stake by 530.9% in Q2, buying an additional 306,938 shares to hold 364,748 shares valued at about $49.7 million.
• Palantir beat quarterly estimates, reporting $0.21 EPS versus $0.17 expected and revenue of $1.18 billion, up 62.8% year‑over‑year.
• Despite the beat, analysts' consensus is a Hold with an average target of $173.45 while the stock trades near $191 with a very high P/E (~455), and insiders sold roughly 1.53 million shares (~$234 million) in the past three months.

Jupiter Asset Management Ltd. boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 530.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 364,748 shares of the company's stock after acquiring an additional 306,938 shares during the period. Jupiter Asset Management Ltd.'s holdings in Palantir Technologies were worth $49,722,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Palantir Technologies by 2.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,011,911 shares of the company's stock valued at $137,944,000 after purchasing an additional 25,607 shares during the period. SBI Securities Co. Ltd. boosted its stake in Palantir Technologies by 7.0% during the second quarter. SBI Securities Co. Ltd. now owns 611,508 shares of the company's stock worth $83,360,000 after buying an additional 39,744 shares in the last quarter. Ironwood Investment Counsel LLC increased its holdings in Palantir Technologies by 24.9% in the 2nd quarter. Ironwood Investment Counsel LLC now owns 4,319 shares of the company's stock valued at $589,000 after buying an additional 861 shares during the period. Advyzon Investment Management LLC raised its stake in shares of Palantir Technologies by 132.6% in the 2nd quarter. Advyzon Investment Management LLC now owns 4,633 shares of the company's stock valued at $632,000 after buying an additional 2,641 shares in the last quarter. Finally, Verus Capital Partners LLC lifted its holdings in shares of Palantir Technologies by 39.1% during the 2nd quarter. Verus Capital Partners LLC now owns 89,339 shares of the company's stock worth $12,179,000 after acquiring an additional 25,124 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 1.4%

Palantir Technologies stock opened at $190.96 on Wednesday. The stock has a 50-day simple moving average of $179.15 and a 200 day simple moving average of $155.63. The stock has a market capitalization of $453.02 billion, a price-to-earnings ratio of 454.68, a P/E/G ratio of 7.51 and a beta of 2.63. Palantir Technologies Inc. has a 12-month low of $58.53 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter last year, the company posted $0.10 EPS. The company's quarterly revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company's stock, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the firm's 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 completion of the transaction, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,527,750 shares of company stock valued at $234,463,896 over the last three months. Insiders own 12.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PLTR. HSBC upped their target price on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a "hold" rating in a research note on Wednesday, November 5th. Loop Capital raised their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Daiwa Capital Markets increased their price objective on Palantir Technologies from $178.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, November 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a "neutral" rating in a research note on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Palantir Technologies presently has an average rating of "Hold" and a consensus price target of $173.45.

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.

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