New York State Teachers Retirement System Buys 97,466 Shares of Palantir Technologies Inc. $PLTR

New York State Teachers Retirement System increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 5.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,777,902 shares of the company’s stock after acquiring an additional 97,466 shares during the period. Palantir Technologies comprises 0.5% of New York State Teachers Retirement System’s investment portfolio, making the stock its 25th biggest position. New York State Teachers Retirement System’s holdings in Palantir Technologies were worth $242,364,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mechanics Financial Corp bought a new position in Palantir Technologies in the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the 1st quarter worth approximately $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the 1st quarter worth approximately $27,000. Finally, Frazier Financial Advisors LLC bought a new position in Palantir Technologies in the 2nd quarter worth approximately $28,000. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PLTR. Royal Bank Of Canada boosted their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research report on Monday, September 15th. Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued 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 target price of $141.28.

Palantir Technologies Stock Down 0.1%

PLTR opened at $179.62 on Thursday. Palantir Technologies Inc. has a 12 month low of $40.36 and a 12 month high of $190.00. The company has a fifty day simple moving average of $171.78 and a 200 day simple moving average of $141.58. The stock has a market cap of $426.12 billion, a P/E ratio of 598.75, a P/E/G ratio of 9.72 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’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. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This represents a 10.49% 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 90 days. 9.23% of the stock is currently owned by corporate insiders.

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.