Versor Investments LP Makes New $356,000 Investment in Palantir Technologies Inc. $PLTR

Versor Investments LP bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,612 shares of the company’s stock, valued at approximately $356,000.

A number of other institutional investors also recently modified their holdings of PLTR. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $2,543,888,000. Nuveen LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD grew its position in shares of Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after buying an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. grew its position 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, Amundi grew its position in shares of Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after buying an additional 3,815,386 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Down 1.5%

Palantir Technologies stock opened at $187.90 on Thursday. The stock has a market capitalization of $445.76 billion, a PE ratio of 447.39, a price-to-earnings-growth ratio of 10.11 and a beta of 2.63. Palantir Technologies Inc. has a twelve month low of $51.61 and a twelve month high of $207.52. The company has a 50 day moving average of $176.97 and a 200-day moving average of $152.92.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several analyst reports. Bank of America lifted their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday. Citigroup lifted their price target on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Finally, Robert W. Baird boosted their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $169.44.

Insider Buying and Selling

In other news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the transaction, the insider owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. 9.23% of the stock is owned by corporate insiders.

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.