Mutual of America Capital Management LLC Acquires 5,565 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Mutual of America Capital Management LLC increased its holdings in Palantir Technologies by 2.3% in Q2, acquiring an additional 5,565 shares, bringing its total to 243,908 shares valued at approximately $33.25 million.
• Palantir Technologies saw significant investment activity, with firms like Price T Rowe Associates and Goldman Sachs boosting their stakes by 55.2% and 38.5%, respectively, during the first quarter of this year.
• Analysts have varied opinions on Palantir, with ratings ranging from buy to hold, and a consensus price target set at $141.28, indicating a mixed outlook for the company.

Mutual of America Capital Management LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 243,908 shares of the company's stock after purchasing an additional 5,565 shares during the period. Palantir Technologies accounts for about 0.4% of Mutual of America Capital Management LLC's portfolio, making the stock its 28th largest position. Mutual of America Capital Management LLC's holdings in Palantir Technologies were worth $33,250,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PLTR. Kingstone Capital Partners Texas LLC bought a new stake in shares of Palantir Technologies during the second quarter worth $2,543,888,000. Nuveen LLC bought a new stake in shares of Palantir Technologies during the first quarter worth $520,232,000. Price T Rowe Associates Inc. MD boosted its holdings in Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. Finally, Amundi boosted its holdings in Palantir Technologies by 56.1% in the first quarter. Amundi now owns 10,620,301 shares of the company's stock valued at $887,857,000 after acquiring an additional 3,815,386 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of several recent research reports. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. The Goldman Sachs Group raised their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Finally, Bank of America raised their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $141.28.

Palantir Technologies Trading Up 0.0%

Shares of PLTR opened at $178.15 on Friday. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00. The stock has a market cap of $422.63 billion, a P/E ratio of 593.85, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The stock's 50-day moving average price is $171.52 and its two-hundred day moving average price is $143.25.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (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 firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same quarter last year, the business earned $0.09 earnings per share. The company's revenue 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. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,803 shares of the firm's 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 owned 50,961 shares of the company's stock, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was 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 approximately $112,129,506.30. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last 90 days. Insiders own 9.23% of the company's stock.

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.

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