Palantir Technologies Inc. $PLTR Shares Purchased by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. increased its holdings in Palantir Technologies by 55.2%, owning over 13.3 million shares valued at approximately $1.13 billion as of the latest SEC filing.
• Palantir's quarterly earnings exceeded analyst expectations, reporting an EPS of $0.16 and a revenue of $1 billion, marking a 48% increase year-over-year.
• Recent analyst reports have adjusted Palantir's price targets significantly, with Bank of America raising its target from $150 to $180 while maintaining a "buy" rating.

Price T Rowe Associates Inc. MD grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 55.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,346,061 shares of the company's stock after acquiring an additional 4,748,513 shares during the period. Price T Rowe Associates Inc. MD owned about 0.57% of Palantir Technologies worth $1,126,408,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PLTR. Nuveen LLC acquired a new stake in shares of Palantir Technologies during the first quarter valued at about $520,232,000. Goldman Sachs Group Inc. grew its stake in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares in the last quarter. Northern Trust Corp grew its stake in shares of Palantir Technologies by 20.4% during the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after acquiring an additional 3,299,779 shares in the last quarter. Invesco Ltd. grew its stake in shares of 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 acquiring an additional 2,998,716 shares in the last quarter. Finally, Clear Street Derivatives LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter valued at about $216,953,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $156.18 on Friday. Palantir Technologies Inc. has a 12 month low of $29.31 and a 12 month high of $190.00. The firm has a market capitalization of $370.51 billion, a PE ratio of 520.62, a P/E/G ratio of 8.79 and a beta of 2.60. The company's 50 day simple moving average is $153.18 and its 200 day simple moving average is $121.39.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the business earned $0.09 earnings per share. The business's revenue for the quarter 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. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the subject of several recent analyst reports. Cantor Fitzgerald raised their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Bank of America increased their price target on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada increased their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group increased their price target 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, Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average price target of $136.61.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of Palantir Technologies stock in a transaction that occurred on 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 transaction, the insider owned 363,755 shares in the company, valued at approximately $49,219,689.05. The trade was a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total transaction of $111,688.00. Following the completion of the transaction, the director owned 62,887 shares in the company, valued at approximately $8,779,654.07. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 529,684 shares of company stock worth $71,900,350. 9.23% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.