Voya Investment Management LLC Raises Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Voya Investment Management LLC increased its holdings in Palantir Technologies by 6.9%, owning over 6 million shares, making it the firm's 28th largest position.
• Palantir’s stock has received mixed ratings from analysts, with some firms raising their price targets significantly, leading to a consensus rating of "Hold" and a target of $136.61.
• Palantir Technologies reported a 48% year-over-year increase in quarterly revenue, exceeding analyst estimates, with earnings of $0.16 per share against expectations of $0.14.

Voya Investment Management LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,124,866 shares of the company's stock after buying an additional 394,796 shares during the quarter. Palantir Technologies makes up about 0.6% of Voya Investment Management LLC's portfolio, making the stock its 28th biggest position. Voya Investment Management LLC owned 0.26% of Palantir Technologies worth $516,783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Mechanics Financial Corp purchased a new position in Palantir Technologies during the 1st quarter worth $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter worth $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the 1st quarter worth $27,000. Richardson Capital Management LLC purchased a new position in Palantir Technologies during the 1st quarter worth $33,000. Finally, Cornerstone Planning Group LLC increased its holdings in Palantir Technologies by 90.2% during 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 during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLTR has been the topic of several research reports. Piper Sandler set a $182.00 price objective on Palantir Technologies in a report on Tuesday, August 5th. The Goldman Sachs Group increased their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada increased their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Cantor Fitzgerald increased their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Bank of America increased their target price on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $164.36 on Friday. The stock has a market capitalization of $389.92 billion, a price-to-earnings ratio of 547.88, a PEG ratio of 9.40 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $34.53 and a 1-year high of $190.00. The business has a fifty day moving average price of $159.32 and a 200-day moving average price of $126.29.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates 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%.The business's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the firm'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 completion of the sale, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,604,634 shares of company stock worth $245,441,454. 9.23% of the stock is currently owned by corporate insiders.

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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