Knights of Columbus Asset Advisors LLC Acquires 2,401 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Knights of Columbus Asset Advisors LLC increased its holdings in Palantir Technologies by 13.2%, acquiring an additional 2,401 shares, bringing their total to 20,525 shares worth approximately $2.8 million.
• Insiders at Palantir Technologies sold over 1.5 million shares in the last quarter, including significant sales by Ryan D. Taylor and Stephen Andrew Cohen, affecting their ownership stakes by 10.49% and 99.69% respectively.
• Palantir Technologies' latest earnings report showed 48% year-over-year revenue growth, with earnings per share exceeding analyst predictions, highlighting the company's strong financial performance.

Knights of Columbus Asset Advisors LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,525 shares of the company's stock after purchasing an additional 2,401 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Palantir Technologies were worth $2,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PLTR. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the first quarter valued at about $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $27,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies 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 transaction, the insider directly owned 307,470 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider owned 592 shares of the company's stock, valued at $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,591,085 shares of company stock valued at $244,676,722. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Trading Up 3.7%

Palantir Technologies stock opened at $179.53 on Tuesday. The firm has a market capitalization of $425.91 billion, a P/E ratio of 598.45, a PEG ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $38.78 and a 1 year high of $190.00. The business has a 50-day moving average of $169.33 and a 200-day moving average of $137.95.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies's revenue for the quarter was up 48.0% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. Cantor Fitzgerald raised their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Bank of America raised their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Finally, Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $140.22.

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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