Palantir Technologies Inc. $PLTR Stake Boosted by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Palantir Technologies by 10.8%, owning approximately 11.67 million shares valued at nearly $985 million.
• Several institutional investors, including Goldman Sachs and Price T Rowe Associates, significantly boosted their positions in Palantir during the first quarter, with Goldman Sachs increasing its stake by 38.5%.
• Analysts have raised their price targets for Palantir, with Bank of America setting a new target of $180, indicating strong optimism about the company’s stock performance.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,668,082 shares of the company's stock after buying an additional 1,135,841 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.50% of Palantir Technologies worth $984,786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Mechanics Financial Corp bought a new stake in Palantir Technologies in the first quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at approximately $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the first quarter valued at approximately $27,000. Richardson Capital Management LLC acquired a new position in Palantir Technologies in the first quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC boosted its stake in Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after acquiring an additional 185 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded up $7.07 during trading on Friday, hitting $171.43. The company had a trading volume of 54,323,535 shares, compared to its average volume of 75,542,352. The company has a market cap of $406.69 billion, a P/E ratio of 571.45, a PEG ratio of 9.26 and a beta of 2.59. Palantir Technologies Inc. has a 52 week low of $34.89 and a 52 week high of $190.00. The business's 50-day moving average is $160.07 and its 200 day moving average is $126.87.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company 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 firm's revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at $106,261,243.20. The trade was a 34.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the sale, the insider directly owned 592 shares in the company, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,604,634 shares of company stock valued at $245,441,454 in the last three months. Insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Bank of America lifted their target price on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Loop Capital boosted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and upped their target price for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $136.61.

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.