Asset Planning Inc raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,580 shares of the company’s stock after acquiring an additional 100 shares during the period. Asset Planning Inc’s holdings in Palantir Technologies were worth $215,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Kingstone Capital Partners Texas LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at $2,543,888,000. Nuveen LLC acquired a new position in Palantir Technologies in the 1st quarter valued at $520,232,000. Price T Rowe Associates Inc. MD raised its holdings in 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 acquiring an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Palantir Technologies by 38.5% in 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 purchasing an additional 4,221,392 shares during the last quarter. Finally, Amundi increased its stake in shares of Palantir Technologies by 56.1% in the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after purchasing an additional 3,815,386 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Palantir Technologies
In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director owned 62,087 shares in the company, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,591,085 shares of company stock worth $244,714,146. 9.23% of the stock is currently owned by insiders.
Analyst Ratings Changes
View Our Latest Research Report on Palantir Technologies
Palantir Technologies Stock Down 5.4%
Shares of PLTR stock opened at $175.44 on Friday. The firm has a market capitalization of $416.20 billion, a P/E ratio of 584.82, a P/E/G ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $40.36 and a twelve month high of $190.00. The stock’s fifty day simple moving average is $171.32 and its 200 day simple moving average is $140.05.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share 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 for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the company posted $0.09 EPS. Palantir Technologies’s quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.
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.
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