Palantir Technologies Inc. $PLTR Holdings Lifted by US Bancorp DE

Key Points

• US Bancorp DE increased its holdings in Palantir Technologies Inc. by 5.2%, owning a total of 443,787 shares worth approximately $60.5 million at the end of the most recent quarter.
• Palantir Technologies reported a 48% revenue increase year-over-year for the latest quarter, achieving $1 billion in revenue and exceeding estimates.
• Recent analyst ratings indicate a mix of optimism and caution, with five analysts giving a Buy rating while the average price target sits at $140.22.

US Bancorp DE boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 443,787 shares of the company's stock after buying an additional 21,777 shares during the quarter. US Bancorp DE's holdings in Palantir Technologies were worth $60,497,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ignite Planners LLC grew its holdings in shares of Palantir Technologies by 0.4% during the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company's stock worth $2,094,000 after purchasing an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. grew its holdings in shares of Palantir Technologies by 1.3% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock worth $747,000 after purchasing an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock worth $1,007,000 after purchasing an additional 73 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Palantir Technologies by 3.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock worth $329,000 after purchasing an additional 80 shares in the last quarter. Finally, Oxinas Partners Wealth Management LLC grew its holdings in shares of Palantir Technologies by 2.7% during the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company's stock worth $410,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a 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. Piper Sandler set a $182.00 price target on Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average price target of $140.22.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction on 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 transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. The trade was a 99.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,591,085 shares of company stock worth $244,714,146. 9.23% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $185.47 on Friday. The stock has a fifty day moving average price of $170.89 and a two-hundred day moving average price of $139.18. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00. The company has a market cap of $440.00 billion, a price-to-earnings ratio of 618.25, a PEG ratio of 9.95 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the previous year, the company posted $0.09 EPS. The business's revenue for the quarter 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, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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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