Palantir Technologies Inc. $PLTR Holdings Raised 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 grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 118.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,550 shares of the company's stock after purchasing an additional 10,047 shares during the period. Perpetual Ltd's holdings in Palantir Technologies were worth $2,529,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PLTR. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at $2,543,888,000. Nuveen LLC purchased a new stake in Palantir Technologies in the 1st quarter worth about $520,232,000. Price T Rowe Associates Inc. MD lifted its stake in Palantir Technologies by 55.2% in the 1st 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 in the last quarter. Goldman Sachs Group Inc. lifted its stake in Palantir Technologies by 38.5% in 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. Finally, Amundi lifted its stake in Palantir Technologies by 56.1% in the 1st quarter. Amundi now owns 10,620,301 shares of the company's stock worth $887,857,000 after acquiring an additional 3,815,386 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $182.39 on Friday. Palantir Technologies Inc. has a fifty-two week low of $35.71 and a fifty-two week high of $190.00. The stock's 50-day moving average is $163.32 and its two-hundred day moving average is $129.92. The firm has a market cap of $432.69 billion, a P/E ratio of 607.99, a PEG ratio of 9.97 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping 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 company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the firm posted $0.09 EPS. The business'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, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PLTR. UBS Group reissued a "neutral" rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald increased their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $138.28.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated 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 approximately $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,625,634 shares of company stock worth $248,926,404 in the last 90 days. Company insiders own 9.23% of the company's stock.

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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