One Charles Private Wealth Services LLC Purchases Shares of 3,107 Palantir Technologies Inc. $PLTR

One Charles Private Wealth Services LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,107 shares of the company’s stock, valued at approximately $424,000.

Several other large investors have also recently added to or reduced their stakes in PLTR. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies in the second quarter worth approximately $2,543,888,000. Vanguard Group Inc. raised its stake in Palantir Technologies by 3.6% during the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. Nuveen LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $520,232,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after purchasing an additional 4,748,513 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew 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 valued at $1,281,205,000 after buying an additional 4,221,392 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

PLTR stock opened at $162.25 on Tuesday. The firm has a market cap of $386.71 billion, a P/E ratio of 386.32, a price-to-earnings-growth ratio of 6.00 and a beta of 2.63. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52. The stock has a 50-day simple moving average of $180.17 and a 200-day simple moving average of $158.83.

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, topping 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 firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business earned $0.10 EPS. Palantir Technologies’s quarterly revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 149,872 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. This trade represents a 18.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 308,635 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $97,082.08. This represents a 99.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,149,695 shares of company stock valued at $186,821,453. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the topic of several research reports. Northland Securities increased their target price on Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. HSBC raised their price objective on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Morgan Stanley boosted their target price on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. Daiwa Capital Markets raised their price target on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies 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.