Palantir Technologies Inc. $PLTR Shares Bought by Josh Arnold Investment Consultant LLC

Key Points

• Josh Arnold Investment Consultant LLC increased its stake in Palantir Technologies by 15.2% during the first quarter, owning 28,050 shares worth approximately $2.37 million.
• Other institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., have also significantly increased their holdings in Palantir, indicating growing interest in the company.
• Palantir reported earnings of $0.16 per share, surpassing analysts' expectations, with revenue rising 48% year-over-year to $1 billion for the quarter, highlighting strong financial performance.

Josh Arnold Investment Consultant LLC increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,050 shares of the company's stock after acquiring an additional 3,700 shares during the period. Palantir Technologies makes up approximately 2.0% of Josh Arnold Investment Consultant LLC's investment portfolio, making the stock its 6th biggest position. Josh Arnold Investment Consultant LLC's holdings in Palantir Technologies were worth $2,367,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at $520,232,000. Price T Rowe Associates Inc. MD lifted 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 valued at $1,126,408,000 after acquiring an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Palantir Technologies by 38.5% during the 1st 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. Amundi boosted its stake 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 acquiring an additional 3,815,386 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Palantir Technologies by 20.3% in the 1st 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. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 9,211 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $1,434,613.25. Following the transaction, the insider directly owned 343,518 shares of the company's stock, valued at $53,502,928.50. This represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 sale, the insider owned 50,961 shares of the company's stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,990,586 shares of company stock valued at $295,423,583 in the last quarter. Corporate insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. Bank of America upped their target price on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Loop Capital upped their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group lifted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Stock Performance

Shares of PLTR opened at $156.14 on Friday. The company has a market capitalization of $370.42 billion, a PE ratio of 520.48, a PEG ratio of 8.73 and a beta of 2.59. The company's 50 day moving average price is $156.55 and its 200 day moving average price is $124.44. Palantir Technologies Inc. has a 52 week low of $29.50 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results 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. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company's revenue was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

About Palantir Technologies

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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