Chapin Davis Inc. Grows Position in Palantir Technologies Inc. $PLTR

Key Points

• Chapin Davis Inc. has increased its holdings in Palantir Technologies by 3.0%, making it the fund's 4th largest position, worth approximately $11.61 million as of the recent quarter.
• Palantir Technologies reported a 48% revenue increase in its latest quarterly results, exceeding analyst estimates with a revenue of $1 billion.
• Several analysts have given Palantir Technologies a consensus rating of "Hold," with target prices ranging from $170.00 to $200.00, indicating mixed outlooks on the stock's performance.

Chapin Davis Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,168 shares of the company's stock after purchasing an additional 2,469 shares during the quarter. Palantir Technologies accounts for 3.2% of Chapin Davis Inc.'s investment portfolio, making the stock its 4th largest position. Chapin Davis Inc.'s holdings in Palantir Technologies were worth $11,610,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock valued at $984,786,000 after buying an additional 1,135,841 shares during the last quarter. Hummer Financial Advisory Services Inc purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $225,000. Bank of New Hampshire raised its holdings in shares of Palantir Technologies by 11.4% in the 2nd quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock valued at $2,705,000 after acquiring an additional 2,023 shares in the last quarter. Fox Hill Wealth Management increased its position in shares of Palantir Technologies by 5.9% during the 2nd quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock valued at $5,653,000 after purchasing an additional 2,325 shares during the last quarter. Finally, BDF Gestion bought a new position in shares of Palantir Technologies during the 2nd quarter valued at about $4,409,000. Institutional investors own 45.65% of the company's stock.

Insider Activity

In related news, insider Shyam Sankar sold 30,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 21,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the completion of the transaction, the director owned 59,794 shares in the company, valued at approximately $9,922,814.30. This represents a 25.99% 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 over the last three months. 12.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Loop Capital increased their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald increased their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Bank of America raised their target price on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $138.28.

Palantir Technologies Stock Performance

NASDAQ PLTR traded down $3.06 during trading hours on Monday, hitting $179.33. The company had a trading volume of 45,749,266 shares, compared to its average volume of 60,825,608. Palantir Technologies Inc. has a 1-year low of $36.05 and a 1-year high of $190.00. The company has a market cap of $425.43 billion, a PE ratio of 597.79, a price-to-earnings-growth ratio of 10.28 and a beta of 2.59. The business has a 50 day moving average of $163.92 and a 200-day moving average of $131.20.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm's quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect 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.