Vest Financial LLC Increases Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Vest Financial LLC increased its stake in Palantir Technologies by 39.3%, owning 29,169 shares valued at approximately $3,976,000 as of the latest SEC filing.
• Palantir Technologies reported $1 billion in revenue for its most recent quarter, exceeding expectations, with a year-over-year revenue increase of 48%.
• Analysts have upgraded Palantir's stock ratings, with Deutsche Bank raising its price target from $80.00 to $160.00, reflecting positive sentiment in the market.

Vest Financial LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 39.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,169 shares of the company's stock after purchasing an additional 8,226 shares during the quarter. Vest Financial LLC's holdings in Palantir Technologies were worth $3,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Northern Trust Corp grew its stake in shares of 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 purchasing an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $2,543,888,000. Invesco Ltd. grew its stake in shares of 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 purchasing an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of 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 purchasing an additional 4,221,392 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 purchasing an additional 571,544 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $177.21 on Tuesday. The stock has a fifty day moving average price of $171.65 and a 200 day moving average price of $141.04. The stock has a market cap of $420.40 billion, a PE ratio of 590.72, a P/E/G ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $40.36 and a 1 year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during 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%.Palantir Technologies's revenue 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. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and lifted their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Cantor Fitzgerald raised their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, UBS Group reissued a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five 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. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $140.22.

Insider Activity

In related news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 191,720 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 $29,020,656.40. Following the transaction, the insider directly owned 592 shares of the company's stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last 90 days. Insiders own 12.93% of the company's stock.

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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