DRW Securities LLC Raises Stake in Palantir Technologies Inc. $PLTR

DRW Securities LLC increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 41.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 22,623 shares of the company’s stock after buying an additional 6,599 shares during the quarter. DRW Securities LLC’s holdings in Palantir Technologies were worth $1,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nuveen LLC purchased a new stake in Palantir Technologies during the first quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD lifted its holdings in Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after purchasing an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Palantir Technologies by 38.5% during the first 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. Invesco Ltd. lifted its holdings in Palantir Technologies by 20.3% during the first 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. Finally, Clear Street Derivatives LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $216,953,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $156.71 on Friday. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The firm’s 50 day simple moving average is $155.46 and its two-hundred day simple moving average is $123.44. The stock has a market capitalization of $371.77 billion, a P/E ratio of 522.38, a PEG ratio of 8.83 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same period last year, the business earned $0.09 earnings per share. The business’s quarterly revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Alexander C. Karp sold 222,878 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 33,335 shares of the firm’s 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 completion of the transaction, the insider owned 363,755 shares in the company, valued at $49,219,689.05. This represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,906,783 shares of company stock worth $282,471,442 over the last ninety days. Company insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup reaffirmed a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. The Goldman Sachs Group upped their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $136.61.

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.