Burns J W & Co. Inc. NY increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 51.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,415 shares of the company's stock after buying an additional 7,938 shares during the period. Burns J W & Co. Inc. NY's holdings in Palantir Technologies were worth $3,192,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen LLC bought a new stake in Palantir Technologies during the first quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD increased its position in shares of Palantir Technologies by 55.2% during 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 purchasing an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the period. Amundi lifted its position 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 buying an additional 3,815,386 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock worth $1,497,843,000 after acquiring an additional 2,998,716 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction dated Friday, August 29th. The shares were 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. The trade was a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,625,634 shares of company stock valued at $248,926,404. 9.23% of the stock is owned by corporate insiders.
Palantir Technologies Price Performance
Shares of NASDAQ PLTR traded up $5.42 during mid-day trading on Friday, hitting $182.39. The company had a trading volume of 108,970,930 shares, compared to its average volume of 60,474,068. The business's 50-day simple moving average is $163.32 and its 200 day simple moving average is $129.92. Palantir Technologies Inc. has a 1-year low of $35.71 and a 1-year high of $190.00. The company has a market capitalization of $432.69 billion, a PE ratio of 829.05, a price-to-earnings-growth ratio of 10.28 and a beta of 2.59.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the business posted $0.09 EPS. The firm'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. On average, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on PLTR shares. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $138.28.
Read Our Latest Stock Analysis on PLTR
About Palantir Technologies
(
Free Report)
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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