111 Capital Has $3.77 Million Stock Holdings in Palantir Technologies Inc. $PLTR

111 Capital lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 130.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,649 shares of the company’s stock after purchasing an additional 15,637 shares during the period. Palantir Technologies accounts for 0.6% of 111 Capital’s portfolio, making the stock its 26th largest holding. 111 Capital’s holdings in Palantir Technologies were worth $3,769,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Truist Financial Corp boosted its holdings in shares of Palantir Technologies by 4.2% during the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after buying an additional 21,809 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after purchasing an additional 1,135,841 shares during the period. Golden State Equity Partners boosted its holdings in Palantir Technologies by 10.1% in the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company’s stock valued at $2,503,000 after purchasing an additional 1,677 shares during the period. Synergy Asset Management LLC boosted its holdings in Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock valued at $1,312,000 after purchasing an additional 2,606 shares during the period. Finally, FMB Wealth Management bought a new stake in Palantir Technologies in the 2nd quarter valued at about $223,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

PLTR stock opened at $173.07 on Friday. The company has a 50 day simple moving average of $168.90 and a 200 day simple moving average of $136.63. The stock has a market cap of $410.58 billion, a price-to-earnings ratio of 576.92, a P/E/G ratio of 10.44 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $38.78 and a 1 year high of $190.00.

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

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the company’s 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 completion of the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,676,722 over the last 90 days. 9.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft raised shares of 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. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a report on Saturday, September 27th. Finally, Citigroup restated a “neutral” rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $140.22.

Palantir Technologies Company 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.