Plato Investment Management Ltd Grows Position in Palantir Technologies Inc. $PLTR

Plato Investment Management Ltd grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 56,010 shares of the company’s stock after acquiring an additional 864 shares during the quarter. Plato Investment Management Ltd’s holdings in Palantir Technologies were worth $4,778,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PLTR. Mechanics Financial Corp bought a new position in shares of Palantir Technologies during the first quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the 1st quarter valued at about $27,000. Richardson Capital Management LLC purchased a new stake in Palantir Technologies during the first quarter worth $33,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after purchasing an additional 185 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PLTR shares. Citigroup restated a “neutral” rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a report on Tuesday, August 5th. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group upped their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Finally, Cantor Fitzgerald lifted their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $136.61.

Palantir Technologies Price Performance

PLTR stock opened at $162.36 on Wednesday. Palantir Technologies Inc. has a 1 year low of $33.62 and a 1 year high of $190.00. The business’s 50-day moving average is $158.03 and its two-hundred day moving average is $125.50. The firm has a market capitalization of $385.17 billion, a P/E ratio of 541.22, a P/E/G ratio of 8.80 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company’s revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. This trade represents a 99.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction 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 transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,604,634 shares of company stock worth $245,441,454. 12.93% of the stock is currently owned by insiders.

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.