Palantir Technologies Inc. $PLTR Shares Acquired 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 holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,668,082 shares of the company's stock after purchasing an additional 1,135,841 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.50% of Palantir Technologies worth $984,786,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PLTR. Northern Trust Corp lifted its position in Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock valued at $1,650,310,000 after purchasing an additional 64,973 shares during the last quarter. Invesco Ltd. lifted its stake in Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after buying an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Palantir Technologies by 38.5% in the first 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. Charles Schwab Investment Management Inc. boosted its stake in Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock worth $1,149,055,000 after purchasing an additional 571,544 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after buying an additional 4,748,513 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in 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. Citigroup reaffirmed a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. UBS Group reaffirmed a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada increased their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Four 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $136.61.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the sale, the insider owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,568,586 shares of company stock valued at $239,733,253. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $156.10 on Tuesday. The stock has a market cap of $370.32 billion, a PE ratio of 520.35, a PEG ratio of 8.63 and a beta of 2.59. Palantir Technologies Inc. has a 52-week low of $32.47 and a 52-week high of $190.00. The firm has a 50-day moving average of $157.39 and a 200-day moving average of $125.24.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (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 business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period in the prior year, the company earned $0.09 EPS. The firm's quarterly 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. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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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