First Dallas Securities Inc. Purchases 3,419 Shares of Palantir Technologies Inc. $PLTR

Key Points

• First Dallas Securities Inc. increased its stake in Palantir Technologies by 100.6%, owning 6,819 shares worth $576,000 at the end of the 1st quarter.
• Institutional investors own 45.65% of Palantir's stock, with several firms, including Goldman Sachs and Price T Rowe Associates, significantly increasing their holdings during the same period.
• Palantir's stock was recently rated as a "Hold" with a consensus target price of $136.61, following growth forecasts from various analysts.

First Dallas Securities Inc. grew its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 100.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,819 shares of the company's stock after acquiring an additional 3,419 shares during the quarter. First Dallas Securities Inc.'s holdings in Palantir Technologies were worth $576,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Nuveen LLC acquired a new stake in shares of Palantir Technologies during the first quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD increased its stake in 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 valued at $1,126,408,000 after purchasing an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the period. Amundi grew its position in 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 purchasing an additional 3,815,386 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after purchasing an additional 2,998,716 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research analyst reports. Bank of America boosted their price target on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research note 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 note on Tuesday, August 5th. The Goldman Sachs Group raised their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $136.61.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock traded up $6.26 during midday trading on Tuesday, hitting $162.36. The company had a trading volume of 61,075,301 shares, compared to its average volume of 75,365,864. Palantir Technologies Inc. has a 1-year low of $33.62 and a 1-year high of $190.00. The stock has a market cap of $385.17 billion, a PE ratio of 709.54, a P/E/G ratio of 8.80 and a beta of 2.59. The business's 50 day simple moving average is $157.39 and its two-hundred day simple moving average is $125.24.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS 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 for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the firm earned $0.09 EPS. Palantir Technologies'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. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 160,164 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $24,945,543.00. Following the completion of the sale, the insider owned 592 shares of the company's stock, valued at approximately $92,204. The trade was a 99.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alexander C. Karp sold 186,194 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 transaction of $28,999,715.50. Following the sale, the insider directly owned 6,432,258 shares of the company's stock, valued at $1,001,824,183.50. This represents a 2.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,568,586 shares of company stock worth $239,733,253. 12.93% of the stock is owned by 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.