UniSuper Management Pty Ltd Boosts Holdings in Palantir Technologies Inc. $PLTR

Key Points

• UniSuper Management Pty Ltd increased its stake in Palantir Technologies by 5.0%, holding 130,589 shares valued at approximately $11,022,000 as of the latest SEC filing.
• Palantir Technologies reported a quarterly revenue of $1 billion, exceeding analyst estimates and showing a year-over-year increase of 48%.
• Insider transactions revealed significant sales, with insiders selling nearly 2 million shares totaling $293 million over the last three months, representing a decrease in ownership for some executives.

UniSuper Management Pty Ltd boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,589 shares of the company's stock after purchasing an additional 6,237 shares during the quarter. UniSuper Management Pty Ltd's holdings in Palantir Technologies were worth $11,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of PLTR. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the 1st quarter worth approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter worth approximately $27,000. 1248 Management LLC purchased a new stake in Palantir Technologies in the 1st quarter worth approximately $27,000. Richardson Capital Management LLC purchased a new stake in Palantir Technologies in the 1st quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC lifted its stake in Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 1.9%

Shares of PLTR opened at $153.11 on Monday. The firm's 50-day moving average price is $157.00 and its 200-day moving average price is $124.86. The firm has a market capitalization of $363.23 billion, a price-to-earnings ratio of 510.38, a PEG ratio of 8.63 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $29.50 and a 1-year high of $190.00.

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, topping the consensus estimate 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 in the previous year, the firm posted $0.09 earnings per share. 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, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on PLTR. Wall Street Zen cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Bank of America raised their price objective on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $136.61.

Insider Buying and Selling at Palantir Technologies

In related 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 transaction of $24,945,543.00. Following the sale, the insider owned 592 shares of the company's stock, valued at $92,204. The trade was a 99.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,973,586 shares of company stock valued at $293,225,653 over the last three months. 12.93% of the stock is currently 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.

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