Vanguard Personalized Indexing Management LLC Has $40.14 Million Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Vanguard Personalized Indexing Management LLC increased its shares in Palantir Technologies by 25.2%, now holding 294,476 shares valued at approximately $40.14 million.
• Insiders at Palantir Technologies sold over 1.5 million shares totaling around $244.7 million in the past quarter, indicating significant insider activity.
• Palantir reported a 48% year-over-year revenue growth with earnings per share of $0.16, surpassing the consensus estimate of $0.14.

Vanguard Personalized Indexing Management LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 25.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 294,476 shares of the company's stock after buying an additional 59,219 shares during the period. Palantir Technologies accounts for 0.5% of Vanguard Personalized Indexing Management LLC's holdings, making the stock its 26th biggest holding. Vanguard Personalized Indexing Management LLC's holdings in Palantir Technologies were worth $40,143,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PLTR. Mechanics Financial Corp bought a new position in Palantir Technologies during the first quarter worth $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the second quarter worth $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies during the first quarter worth $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the first quarter worth $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies during the second quarter worth $31,000. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction 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. The trade was a 10.49% 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 Shyam Sankar sold 30,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the transaction, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock valued at $244,714,146 over the last quarter. 9.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PLTR shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a research note on Wednesday. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Bank of America lifted their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $175.44 on Friday. The firm has a 50-day moving average of $171.32 and a 200-day moving average of $140.05. The company has a market cap of $416.20 billion, a PE ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $40.36 and a one year 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 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm's revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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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