Aware Super Pty Ltd as trustee of Aware Super Has $35.30 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Aware Super Pty Ltd as trustee of Aware Super grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 31.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 258,923 shares of the company’s stock after buying an additional 61,259 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super’s holdings in Palantir Technologies were worth $35,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies in the first quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at $27,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at $28,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This trade 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 link. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. The trade was a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock worth $239,713,896 over the last ninety days. 9.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PLTR shares. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Citigroup reiterated a “neutral” rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, Loop Capital lifted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Palantir Technologies has a consensus rating of “Hold” and a consensus target price of $141.28.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $179.62 on Thursday. The stock has a market cap of $426.12 billion, a PE ratio of 598.75, a price-to-earnings-growth ratio of 9.72 and a beta of 2.60. The stock has a 50-day moving average of $171.78 and a 200-day moving average of $141.58. Palantir Technologies Inc. has a one year low of $40.36 and a one year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping 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 business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the firm earned $0.09 EPS. Palantir Technologies’s quarterly revenue 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, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

About Palantir Technologies

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.