Acadian Asset Management LLC Has $46.82 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Acadian Asset Management LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 224.0% during the first quarter, Holdings Channel reports. The firm owned 554,978 shares of the company’s stock after purchasing an additional 383,677 shares during the quarter. Acadian Asset Management LLC’s holdings in Palantir Technologies were worth $46,824,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Northern Trust Corp raised its position in shares of Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after purchasing an additional 64,973 shares during the period. Invesco Ltd. raised its position in Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after buying an additional 2,998,716 shares during the period. Goldman Sachs Group Inc. raised its position in Palantir Technologies by 38.5% during the first 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. Charles Schwab Investment Management Inc. raised its position in Palantir Technologies by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock valued at $1,149,055,000 after buying an additional 571,544 shares during the period. Finally, Price T Rowe Associates Inc. MD raised 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 valued at $1,126,408,000 after buying an additional 4,748,513 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLTR. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and upped their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Mizuho raised Palantir Technologies from an “underperform” rating to a “neutral” rating and upped their price target for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a research report on Tuesday, August 5th. Finally, Loop Capital upped their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $136.61.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,604,634 shares of company stock valued at $245,441,454. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $166.74 on Thursday. The business’s 50-day moving average price is $158.72 and its two-hundred day moving average price is $125.78. Palantir Technologies Inc. has a one year low of $33.62 and a one year high of $190.00. The company has a market capitalization of $395.56 billion, a P/E ratio of 555.82, a price-to-earnings-growth ratio of 9.15 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’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. On average, equities analysts anticipate 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.