Palantir Technologies Inc. $PLTR Shares Acquired by Perpetual Ltd

Key Points

• Perpetual Ltd increased its stake in Palantir Technologies by 118.2% during the second quarter, holding 18,550 shares worth approximately $2.53 million.
• Palantir reported an earnings per share of $0.16 for the last quarter, exceeding consensus estimates, with revenue of $1 billion reflecting a 48% increase year-over-year.
• Analysts have varied price targets for Palantir, with reports from UBS, Morgan Stanley, and Cantor Fitzgerald adjusting targets from $110 to as high as $200.

Perpetual Ltd raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 118.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,550 shares of the company's stock after purchasing an additional 10,047 shares during the quarter. Perpetual Ltd's holdings in Palantir Technologies were worth $2,529,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies in the first quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Palantir Technologies in the first quarter valued at approximately $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies in the first quarter valued at approximately $27,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Palantir Technologies in the second quarter valued at approximately $31,000. Finally, Richardson Capital Management LLC purchased a new position in shares of Palantir Technologies in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on 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 owned 307,470 shares of the company's stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the transaction, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,634,634 shares of company stock worth $250,524,804. 12.93% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Bank of America increased their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and raised their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $140.22.

Palantir Technologies Stock Up 1.1%

Shares of PLTR traded up $2.02 on Tuesday, reaching $181.35. The stock had a trading volume of 25,552,301 shares, compared to its average volume of 88,616,945. The firm has a market capitalization of $430.21 billion, a PE ratio of 604.54, a PEG ratio of 10.28 and a beta of 2.59. The firm has a 50-day moving average of $163.92 and a 200 day moving average of $131.20. Palantir Technologies Inc. has a twelve month low of $36.05 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm 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.

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.