Palantir Technologies Inc. $PLTR Holdings Raised by Catalyst Capital Advisors LLC

Key Points

• Catalyst Capital Advisors LLC raised its stake in Palantir Technologies by a significant 836.2% in the second quarter, increasing its holdings to 15,859 shares valued at $2.16 million.
• Palantir Technologies' stock price opened at $180.48, with shares experiencing a 2.8% increase recently, marking a 12-month high of $190.00.
• Analyst ratings for Palantir show a mix of confidence, with five "Buy" ratings and a consensus target price of $141.28, reflecting varying expectations for the stock's performance.

Catalyst Capital Advisors LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 836.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,859 shares of the company's stock after purchasing an additional 14,165 shares during the period. Catalyst Capital Advisors LLC's holdings in Palantir Technologies were worth $2,162,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PLTR. Kingstone Capital Partners Texas LLC bought a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $2,543,888,000. Nuveen LLC bought a new position in Palantir Technologies in the 1st quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD increased its position in Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. increased its position in Palantir Technologies by 38.5% during the first 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 during the period. Finally, Amundi increased its holdings in shares of Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company's stock worth $887,857,000 after purchasing an additional 3,815,386 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLTR has been the topic of several analyst reports. Bank of America boosted their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. UBS Group restated a "neutral" rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Loop Capital increased their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $141.28.

Palantir Technologies Stock Up 2.8%

Shares of NASDAQ PLTR opened at $180.48 on Friday. The company's fifty day moving average is $171.20 and its 200-day moving average is $145.60. The stock has a market cap of $428.16 billion, a price-to-earnings ratio of 601.62, a P/E/G ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share 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 business had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the previous year, the business posted $0.09 EPS. Palantir Technologies's revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director directly owned 62,087 shares in the company, valued at $11,572,395.93. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction that occurred on 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 sale, the insider owned 702,786 shares in the company, valued at $112,129,506.30. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock worth $239,713,896 in the last ninety days. 9.23% of the stock is owned by insiders.

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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