Palantir Technologies Inc. $PLTR Stock Position Boosted by Schnieders Capital Management LLC

Key Points

• Schnieders Capital Management LLC increased its stake in Palantir Technologies by 36.8% in the second quarter, owning 6,294 shares valued at approximately $858,000 after purchasing an additional 1,694 shares.
• Institutional investors collectively hold 45.65% of Palantir's stock, with notable increases in holdings from firms like Northern Trust Corp and Goldman Sachs Group Inc.
• Palantir reported a quarterly revenue of $1 billion, exceeding analyst estimates, and a 48.0% year-over-year revenue growth, with an earnings per share of $0.16.

Schnieders Capital Management LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 36.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,294 shares of the company's stock after buying an additional 1,694 shares during the period. Schnieders Capital Management LLC's holdings in Palantir Technologies were worth $858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northern Trust Corp grew its position in Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock valued at $1,650,310,000 after buying an additional 64,973 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Palantir Technologies in the 2nd quarter valued at about $2,543,888,000. Invesco Ltd. grew its position in Palantir Technologies by 20.3% in the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after buying an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. grew its position in 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 buying an additional 4,221,392 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock valued at $1,149,055,000 after buying an additional 571,544 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 0.0%

PLTR stock opened at $178.15 on Monday. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00. The firm has a market capitalization of $422.63 billion, a PE ratio of 593.85, a P/E/G ratio of 9.66 and a beta of 2.60. The firm has a 50-day moving average of $171.52 and a two-hundred day moving average of $143.67.

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 company had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the firm earned $0.09 earnings per share. 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. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Weiss Ratings restated a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Bank of America raised their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price objective for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $141.28.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of the 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 directly owned 431,169 shares of the company's stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,750 shares of company stock valued at $239,713,896 over the last ninety days. Insiders own 12.93% of the company's stock.

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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