Palantir Technologies Inc. $PLTR Shares Acquired by ICONIQ Capital LLC

ICONIQ Capital LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 19.5% during the first quarter, Holdings Channel reports. The firm owned 8,398 shares of the company’s stock after acquiring an additional 1,372 shares during the period. ICONIQ Capital LLC’s holdings in Palantir Technologies were worth $709,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in shares of Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company’s stock valued at $4,191,000 after purchasing an additional 6,479 shares during the period. Garrison Bradford & Associates Inc. acquired a new position in shares of Palantir Technologies in the first quarter valued at about $45,000. Menard Financial Group LLC increased its holdings in shares of Palantir Technologies by 8.2% in the first quarter. Menard Financial Group LLC now owns 25,938 shares of the company’s stock valued at $2,189,000 after purchasing an additional 1,964 shares during the period. TCW Group Inc. increased its holdings in shares of Palantir Technologies by 14.5% in the first quarter. TCW Group Inc. now owns 32,031 shares of the company’s stock valued at $2,703,000 after purchasing an additional 4,068 shares during the period. Finally, Sagespring Wealth Partners LLC increased its holdings in shares of Palantir Technologies by 36.3% in the first quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company’s stock valued at $2,030,000 after purchasing an additional 6,405 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Royal Bank Of Canada raised their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and raised their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, UBS Group reaffirmed a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $136.61.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the transaction, the insider owned 363,755 shares in the company, valued at approximately $49,219,689.05. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction that occurred 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 owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,906,783 shares of company stock worth $282,471,442. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Up 1.6%

Shares of PLTR stock opened at $158.74 on Friday. The company has a market capitalization of $376.59 billion, a P/E ratio of 529.15, a P/E/G ratio of 8.95 and a beta of 2.60. The business’s 50 day moving average is $153.61 and its two-hundred day moving average is $121.91. Palantir Technologies Inc. has a 12-month low of $29.31 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.