Palantir Technologies Inc. $PLTR Position Lifted by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Palantir Technologies by 3.6%, acquiring an additional 122,802 shares, bringing their total ownership to 3,518,805 shares valued at approximately $297 million.
• Palantir reported $1 billion in revenue for the last quarter, exceeding analyst expectations of $939 million, with a net margin of 22.18% and earnings per share of $0.16.
• Several research firms have raised their price targets for Palantir's stock, with Cantor Fitzgerald increasing its price objective to $155 and Deutsche Bank lifting theirs to $160.

Dimensional Fund Advisors LP lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,518,805 shares of the company's stock after buying an additional 122,802 shares during the period. Dimensional Fund Advisors LP owned approximately 0.15% of Palantir Technologies worth $297,021,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in Palantir Technologies by 20.4% during the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock worth $1,473,913,000 after buying an additional 3,299,779 shares in the last quarter. Invesco Ltd. lifted its position in shares of Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after acquiring an additional 2,998,716 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock worth $1,149,055,000 after acquiring an additional 571,544 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Palantir Technologies by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 13,031,532 shares of the company's stock worth $1,099,861,000 after acquiring an additional 187,860 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric H. Woersching sold 17,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the completion of the transaction, the director directly owned 12,562 shares of the company's stock, valued at approximately $1,624,140.98. The trade was a 57.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 529,684 shares of company stock valued at $71,900,350. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Down 7.1%

Shares of Palantir Technologies stock traded down $11.2720 during trading hours on Wednesday, hitting $146.4780. The company's stock had a trading volume of 93,005,647 shares, compared to its average volume of 91,219,719. The business has a fifty day moving average of $152.36 and a 200 day moving average of $120.64. The company has a market capitalization of $347.50 billion, a PE ratio of 489.17, a P/E/G ratio of 9.81 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $29.31 and a 1-year high of $190.00.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America lifted their price target on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group increased their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research note on Tuesday, August 5th. Mizuho raised shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. Finally, Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company 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.