GAM Holding AG Buys New Stake in Palantir Technologies Inc. $PLTR

GAM Holding AG bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 9,920 shares of the company’s stock, valued at approximately $1,352,000.

A number of other large investors have also modified their holdings of the company. Northern Trust Corp raised its holdings in Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after purchasing an additional 64,973 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $2,543,888,000. Invesco Ltd. raised its stake in shares of Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after buying an additional 2,998,716 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after buying an additional 4,221,392 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Palantir Technologies by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock worth $1,149,055,000 after buying an additional 571,544 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $200.47 on Friday. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $204.18. The stock has a market cap of $475.58 billion, a PE ratio of 668.26, a P/E/G ratio of 10.55 and a beta of 2.60. The stock has a 50 day moving average price of $174.75 and a 200 day moving average price of $150.42.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period last year, the company earned $0.09 EPS. The company’s revenue for the quarter 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. As a group, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PLTR shares. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Citigroup upped their price target on shares of Palantir Technologies from $177.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Finally, Mizuho set a $165.00 target price on Palantir Technologies in a report on Monday, September 15th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus price target of $142.00.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated 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 sale, the insider 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,557,750 shares of company stock valued at $239,713,896 in the last quarter. Insiders own 9.23% of the company’s stock.

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.