Palantir Technologies Inc. $PLTR Shares Bought by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Palantir Technologies by 36.8%, acquiring 601,680 additional shares, bringing their total holdings to approximately 2.24 million shares valued at $180.9 million.
• Palantir reported a 48% year-over-year revenue increase in the last quarter, boasting earnings of $1 billion and earnings per share of $0.16, exceeding estimates.
• Insider selling has been notable, with insiders selling over 1.9 million shares worth around $282.9 million in the last 90 days, indicating potential concerns about direct ownership levels.

AQR Capital Management LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 36.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,238,508 shares of the company's stock after acquiring an additional 601,680 shares during the quarter. AQR Capital Management LLC owned about 0.10% of Palantir Technologies worth $180,916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its stake in shares of Palantir Technologies by 50.6% in the first quarter. Advisors Asset Management Inc. now owns 125,056 shares of the company's stock valued at $10,555,000 after buying an additional 42,042 shares in the last quarter. Amundi grew its stake in shares of Palantir Technologies by 56.1% in the first quarter. Amundi now owns 10,620,301 shares of the company's stock valued at $887,857,000 after buying an additional 3,815,386 shares in the last quarter. Aprio Wealth Management LLC grew its stake in shares of Palantir Technologies by 14.6% in the first quarter. Aprio Wealth Management LLC now owns 4,916 shares of the company's stock valued at $415,000 after buying an additional 625 shares in the last quarter. JAT Capital Mgmt LP acquired a new stake in shares of Palantir Technologies in the first quarter valued at $16,553,000. Finally, Paragon Private Wealth Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at $212,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total value of $4,510,558.85. Following the completion of the transaction, the insider owned 363,755 shares in the company, valued at $49,219,689.05. This trade represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,909,586 shares of company stock worth $282,911,513. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $154.90 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $29.31 and a fifty-two week high of $190.00. The company has a market capitalization of $367.48 billion, a P/E ratio of 516.35, a PEG ratio of 8.83 and a beta of 2.59. The stock has a 50-day simple moving average of $156.31 and a 200-day simple moving average of $124.19.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the business earned $0.09 EPS. The business's quarterly revenue 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, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on PLTR. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and lifted their target price for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. The Goldman Sachs Group lifted their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Four research 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 MarketBeat, Palantir Technologies has an average rating of "Hold" and an average target price 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.

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