Johnson Investment Counsel Inc. Raises Stake in Palantir Technologies Inc. $PLTR

Johnson Investment Counsel Inc. raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 18.7% in the second quarter, Holdings Channel reports. The fund owned 10,627 shares of the company’s stock after buying an additional 1,677 shares during the period. Johnson Investment Counsel Inc.’s holdings in Palantir Technologies were worth $1,449,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the second quarter worth approximately $25,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $31,000. Adirondack Trust Co. lifted its position in shares of Palantir Technologies by 185.0% during the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock worth $39,000 after buying an additional 185 shares during the last quarter. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $25,000. Finally, JNBA Financial Advisors lifted its position in shares of Palantir Technologies by 200.0% during the 2nd quarter. JNBA Financial Advisors now owns 300 shares of the company’s stock worth $41,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $177.21 on Tuesday. The firm’s fifty day simple moving average is $171.65 and its 200-day simple moving average is $141.04. The stock has a market capitalization of $420.40 billion, a price-to-earnings ratio of 590.72, a PEG ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $40.36 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its 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. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock worth $239,713,896 in the last ninety days. Insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Loop Capital boosted 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. 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 research report on Tuesday, August 5th. Citigroup restated a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. The Goldman Sachs Group raised their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.