PKO Investment Management Joint Stock Co Increases Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• PKO Investment Management Joint Stock Co increased its stake in Palantir Technologies by 30% during the second quarter, now owning 52,000 shares worth approximately $7.09 million.
• Several hedge funds have recently changed their positions in Palantir, with notable increases in holdings observed among Bison Wealth LLC and GAMMA Investing LLC.
• Palantir reported a 48% year-over-year revenue increase with earnings of $0.16 per share, exceeding analysts' expectations and contributing to a market capitalization of $438.01 billion.

PKO Investment Management Joint Stock Co raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 30.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,000 shares of the company's stock after purchasing an additional 12,000 shares during the quarter. PKO Investment Management Joint Stock Co's holdings in Palantir Technologies were worth $7,089,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $450,000. Bison Wealth LLC grew its position in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after acquiring an additional 4,667 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Palantir Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 22,653 shares of the company's stock worth $1,912,000 after acquiring an additional 9,810 shares in the last quarter. Daymark Wealth Partners LLC grew its position in shares of Palantir Technologies by 10.3% in the 1st quarter. Daymark Wealth Partners LLC now owns 10,678 shares of the company's stock worth $901,000 after acquiring an additional 998 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Palantir Technologies by 13.6% in the 1st quarter. Bessemer Group Inc. now owns 25,414 shares of the company's stock worth $2,145,000 after acquiring an additional 3,050 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

PLTR has been the subject of several research reports. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating 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 company an "underperform" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price objective for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $141.28.

Palantir Technologies Stock Performance

PLTR opened at $184.63 on Friday. The company has a market capitalization of $438.01 billion, a PE ratio of 615.45, a P/E/G ratio of 9.78 and a beta of 2.60. The stock's fifty day moving average is $171.35 and its 200-day moving average is $146.34. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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 business had revenue of $1 billion for 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 company's quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at $973,650,893.46. The trade was a 3.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,557,750 shares of company stock worth $239,713,896. Corporate insiders own 9.23% 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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