King Luther Capital Management Corp Buys 345 Shares of Palantir Technologies Inc. $PLTR

King Luther Capital Management Corp lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,197 shares of the company’s stock after acquiring an additional 345 shares during the period. King Luther Capital Management Corp’s holdings in Palantir Technologies were worth $9,706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its position in Palantir Technologies by 4.2% during the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after acquiring an additional 21,809 shares during the last quarter. State of Michigan Retirement System grew its position in shares of Palantir Technologies by 1.3% in the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after purchasing an additional 12,300 shares during the last quarter. Presilium Private Wealth LLC bought a new position in shares of Palantir Technologies in the second quarter worth about $204,000. New Century Financial Group LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $228,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after purchasing an additional 1,135,841 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $177.93 on Monday. The stock’s fifty day simple moving average is $177.73 and its 200 day simple moving average is $154.47. Palantir Technologies Inc. has a one year low of $55.30 and a one year high of $207.52. The firm has a market cap of $422.11 billion, a price-to-earnings ratio of 423.65, a P/E/G ratio of 6.90 and a beta of 2.63.

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

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of research reports. Piper Sandler increased their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Robert W. Baird increased their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Mizuho boosted their price target on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Bank of America upped their price target on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, DA Davidson boosted their price objective on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $173.45.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,527,750 shares of company stock worth $234,463,896 over the last ninety days. Corporate insiders own 12.93% of the company’s stock.

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.