Oregon Public Employees Retirement Fund Acquires 7,738 Shares of Palantir Technologies Inc. $PLTR

Oregon Public Employees Retirement Fund lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,793 shares of the company’s stock after buying an additional 7,738 shares during the quarter. Palantir Technologies comprises about 0.4% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 26th largest position. Oregon Public Employees Retirement Fund’s holdings in Palantir Technologies were worth $25,055,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PLTR. Northern Trust Corp grew its holdings in shares of Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after buying an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Palantir Technologies in the second quarter worth about $2,543,888,000. Invesco Ltd. raised its position in Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after acquiring an additional 2,998,716 shares during the period. Goldman Sachs Group Inc. raised its position in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Palantir Technologies by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock worth $1,149,055,000 after acquiring an additional 571,544 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,591,085 shares of company stock valued at $244,714,146. Insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 5.4%

PLTR opened at $175.44 on Monday. Palantir Technologies Inc. has a 12-month low of $40.36 and a 12-month high of $190.00. The company has a market cap of $416.20 billion, a price-to-earnings ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60. The company’s 50 day moving average is $171.32 and its 200 day moving average is $140.40.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PLTR. The Goldman Sachs Group boosted 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. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $140.22.

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.