Quilter Plc Makes New $282,000 Investment in Palantir Technologies Inc. $PLTR

Quilter Plc bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,066 shares of the company’s stock, valued at approximately $282,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Palantir Technologies by 3.6% in 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 last quarter. Truist Financial Corp boosted its position in shares of Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after buying an additional 21,809 shares during the last quarter. State of Michigan Retirement System boosted its position in shares of Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after buying an additional 12,300 shares during the last quarter. Presilium Private Wealth LLC bought a new stake in Palantir Technologies during the second quarter worth $204,000. Finally, New Century Financial Group LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at $228,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PLTR. Piper Sandler lifted their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Northland Securities upped their price objective on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. UBS Group increased their price objective 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. Finally, Daiwa Capital Markets boosted their price target on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $172.28.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 180,651 shares of company stock valued at $28,679,304 in the last three months. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $165.42 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $59.96 and a fifty-two week high of $207.52. The stock has a market cap of $394.27 billion, a PE ratio of 393.87, a price-to-earnings-growth ratio of 6.49 and a beta of 2.63. The stock has a fifty day moving average of $180.85 and a 200-day moving average of $157.65.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.