Mather Group LLC. Has $2.05 Million Stake in Palantir Technologies Inc. $PLTR

Mather Group LLC. boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 81.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,055 shares of the company’s stock after purchasing an additional 6,736 shares during the quarter. Mather Group LLC.’s holdings in Palantir Technologies were worth $2,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLTR. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies during the first quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies during the 1st quarter valued at about $27,000. 1248 Management LLC acquired a new position in Palantir Technologies during the 1st quarter valued at about $27,000. Family Legacy Financial Solutions LLC bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $31,000. Finally, Richardson Capital Management LLC purchased a new stake in shares of Palantir Technologies in the first quarter worth approximately $33,000. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada upped their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Finally, Loop Capital upped their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $140.22.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $179.56 on Thursday. The company has a market capitalization of $425.98 billion, a P/E ratio of 598.55, a price-to-earnings-growth ratio of 10.29 and a beta of 2.59. The company’s 50-day moving average is $165.17 and its 200 day moving average is $131.89. Palantir Technologies Inc. has a fifty-two week low of $36.05 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter 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, research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction dated 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 completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,634,634 shares of company stock valued at $250,524,804 in the last quarter. Insiders own 9.23% of the company’s stock.

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.