Vanguard Group Inc. Buys 7,194,216 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Vanguard boosted its Palantir stake by 3.6%, buying 7,194,216 shares to hold 205,717,666 shares (about 8.72% ownership), a position valued at roughly $28.04 billion and making PLTR its 26th-largest holding.
• Palantir beat quarterly expectations with EPS of $0.21 versus $0.17 est. and revenue of $1.18 billion vs. $1.09 billion est., a 62.8% year-over-year revenue increase.
• Despite the beat, analyst sentiment is mixed (average rating "Hold" and average target $172.28) while insiders have been net sellers—1,527,750 shares sold (~$234 million) in the last 90 days, and insiders still own 12.93% of the company.

Vanguard Group Inc. boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,717,666 shares of the company's stock after purchasing an additional 7,194,216 shares during the quarter. Palantir Technologies comprises about 0.5% of Vanguard Group Inc.'s holdings, making the stock its 26th biggest position. Vanguard Group Inc. owned 8.72% of Palantir Technologies worth $28,043,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new stake in Palantir Technologies in the 2nd quarter valued at $27,000. LFA Lugano Financial Advisors SA bought a new stake in Palantir Technologies during the 2nd quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new position in Palantir Technologies during the second quarter worth $28,000. Finally, MTM Investment Management LLC acquired a new position in Palantir Technologies during the second quarter worth $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup upped their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, November 5th. Jefferies Financial Group restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Northland Securities upped their price target on Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. DA Davidson increased their price target on Palantir Technologies from $170.00 to $215.00 and gave the company a "neutral" rating in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an "underperform" rating in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $172.28.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the business's 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,527,750 shares of company stock worth $234,463,896 over the last 90 days. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $171.25 on Tuesday. The company has a market capitalization of $408.16 billion, a PE ratio of 407.75, a price-to-earnings-growth ratio of 6.75 and a beta of 2.63. Palantir Technologies Inc. has a 1 year low of $58.85 and a 1 year high of $207.52. The business has a fifty day moving average price of $180.78 and a two-hundred day moving average price of $157.29.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm earned $0.10 EPS. The firm's quarterly revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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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