Citizens Financial Group Inc. RI Increases Stake in Palantir Technologies Inc. $PLTR

Citizens Financial Group Inc. RI lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 81.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 19,518 shares of the company’s stock after buying an additional 8,732 shares during the period. Citizens Financial Group Inc. RI’s holdings in Palantir Technologies were worth $2,661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies during the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies during the 1st quarter valued at $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter valued at $27,000. Briaud Financial Planning Inc purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth $27,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth $27,000. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider directly owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,527,750 shares of company stock valued at $234,463,896 over the last quarter. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR opened at $174.01 on Monday. The company’s fifty day moving average price is $180.47 and its 200-day moving average price is $156.90. Palantir Technologies Inc. has a 1-year low of $58.85 and a 1-year high of $207.52. The firm has a market capitalization of $414.74 billion, a PE ratio of 414.32, a price-to-earnings-growth ratio of 6.75 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 15.48% and a net margin of 28.11%.The firm’s revenue was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PLTR shares. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Robert W. Baird boosted their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Mizuho raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. 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 report on Tuesday, November 4th. Finally, Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $172.28.

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.