Palantir Technologies Inc. $PLTR Shares Bought by Shell Asset Management Co.

Shell Asset Management Co. boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 132.5% in the second quarter, HoldingsChannel.com reports. The fund owned 30,859 shares of the company’s stock after acquiring an additional 17,586 shares during the quarter. Shell Asset Management Co.’s holdings in Palantir Technologies were worth $4,207,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies during the 4th quarter worth about $450,000. Bison Wealth LLC lifted its holdings in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares during the period. Miracle Mile Advisors LLC lifted its holdings in shares of Palantir Technologies by 9.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 17,305 shares of the company’s stock valued at $1,461,000 after buying an additional 1,531 shares during the period. OLD National Bancorp IN lifted its holdings in shares of Palantir Technologies by 137.1% in the 1st quarter. OLD National Bancorp IN now owns 9,966 shares of the company’s stock valued at $841,000 after buying an additional 5,762 shares during the period. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Palantir Technologies by 3.7% in the 1st quarter. Wesbanco Bank Inc. now owns 9,956 shares of the company’s stock valued at $840,000 after buying an additional 356 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 1.5%

NASDAQ:PLTR opened at $182.17 on Wednesday. The stock has a market capitalization of $432.17 billion, a price-to-earnings ratio of 607.25, a price-to-earnings-growth ratio of 10.02 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $39.01 and a 52 week high of $190.00. The stock’s fifty day moving average is $169.85 and its two-hundred day moving average is $138.26.

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

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the sale, the insider owned 592 shares of the company’s stock, valued at approximately $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,591,085 shares of company stock valued at $244,714,146. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PLTR shares. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Finally, Citigroup restated a “neutral” rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $140.22.

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.