Palantir Technologies Inc. $PLTR Shares Purchased by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA raised its holdings in Palantir Technologies by 1.9% in Q2, owning 220,964 shares valued at approximately $30.12 million.
• Palantir reported a 48% increase in revenue year-over-year with earnings of $0.16 per share for the last quarter, surpassing expectations.
• Insider trades indicated significant activity, with insiders selling 1.59 million shares valued at nearly $245 million over the past three months.

Union Bancaire Privee UBP SA increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 220,964 shares of the company's stock after purchasing an additional 4,141 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Palantir Technologies were worth $30,122,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PLTR. Mechanics Financial Corp acquired a new position in Palantir Technologies in the 1st quarter valued at about $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter valued at about $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the 1st quarter valued at about $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at about $31,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 0.7%

PLTR stock opened at $178.86 on Tuesday. The business has a 50 day moving average price of $166.70 and a 200 day moving average price of $134.65. The stock has a market cap of $424.32 billion, a price-to-earnings ratio of 596.22, a PEG ratio of 9.91 and a beta of 2.59. Palantir Technologies Inc. has a fifty-two week low of $36.05 and a fifty-two week high of $190.00.

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, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm's revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In related news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider owned 702,786 shares of the company's stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,676,722 over the last 90 days. Insiders own 12.93% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research reports. Cantor Fitzgerald lifted their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised 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 research report on Tuesday, August 5th. Royal Bank Of Canada boosted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Piper Sandler set a $182.00 price objective on Palantir Technologies in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $140.22.

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.

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