Evelyn Partners Investment Management Services Ltd Acquires 474 Shares of Palantir Technologies Inc. $PLTR

Evelyn Partners Investment Management Services Ltd grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 29.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,099 shares of the company’s stock after acquiring an additional 474 shares during the period. Evelyn Partners Investment Management Services Ltd’s holdings in Palantir Technologies were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in PLTR. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palantir Technologies in the second quarter valued at $2,543,888,000. Vanguard Group Inc. boosted its holdings in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the period. Nuveen LLC acquired a new position in Palantir Technologies in the 1st quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD lifted its position in Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the transaction, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 150,651 shares of company stock valued at $23,892,804. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $154.85 on Friday. The firm has a 50 day simple moving average of $180.34 and a two-hundred day simple moving average of $157.85. Palantir Technologies Inc. has a one year low of $61.37 and a one year high of $207.52. The company has a market cap of $369.08 billion, a P/E ratio of 368.70, a P/E/G ratio of 6.04 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $0.10 EPS. The company’s revenue for the quarter 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, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Piper Sandler lifted their target price on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Mizuho upped their price target 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. Citigroup lifted their price objective on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Finally, HSBC increased their target price on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies 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.