Palantir Technologies Inc. $PLTR Shares Acquired by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its holdings in Palantir Technologies by 1.1%, totaling over 1 million shares worth approximately $142.6 million as of the latest SEC filing.
• Palantir reported a 48% year-over-year increase in revenue, reaching $1 billion, and beat earnings expectations with $0.16 earnings per share.
• Insider sales included Palantir CEO Alexander C. Karp offloading 222,878 shares for approximately $33.7 million, indicating significant transactions by corporate insiders.

TD Asset Management Inc grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,045,749 shares of the company's stock after buying an additional 11,153 shares during the period. TD Asset Management Inc's holdings in Palantir Technologies were worth $142,557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $28,000. Wilmington Savings Fund Society FSB raised its position in shares of Palantir Technologies by 9.0% in the second quarter. Wilmington Savings Fund Society FSB now owns 10,507 shares of the company's stock valued at $1,432,000 after buying an additional 867 shares during the last quarter. RFG Advisory LLC increased its position in Palantir Technologies by 14.9% during the second quarter. RFG Advisory LLC now owns 20,801 shares of the company's stock worth $2,836,000 after purchasing an additional 2,694 shares during the last quarter. Naviter Wealth LLC purchased a new position in Palantir Technologies during the second quarter worth about $1,116,000. Finally, Nadler Financial Group Inc. purchased a new position in Palantir Technologies during the second quarter worth about $290,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of PLTR opened at $179.74 on Wednesday. Palantir Technologies Inc. has a 1-year low of $40.36 and a 1-year high of $190.00. The stock has a market cap of $426.40 billion, a PE ratio of 599.15, a P/E/G ratio of 9.61 and a beta of 2.60. The firm has a 50-day simple moving average of $171.78 and a two-hundred day simple moving average of $141.31.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating 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 business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period last year, the business earned $0.09 earnings per share. The business'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. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Bank of America lifted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their target price for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $141.28.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction that occurred on 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 completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. 12.93% of the stock is owned by corporate 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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