Palantir Technologies Inc. $PLTR Stock Holdings Increased by Northeast Investment Management

Northeast Investment Management raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 17.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,987 shares of the company’s stock after acquiring an additional 750 shares during the period. Northeast Investment Management’s holdings in Palantir Technologies were worth $680,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PLTR. Kingstone Capital Partners Texas LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at $2,543,888,000. Nuveen LLC acquired a new position in shares of Palantir Technologies during the 1st quarter valued at $520,232,000. Price T Rowe Associates Inc. MD increased its position in shares of Palantir Technologies by 55.2% during the 1st 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 purchasing an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the period. Finally, Amundi increased its position in shares of Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after purchasing an additional 3,815,386 shares during the period. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 222,878 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 $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares in the company, valued at $973,650,893.46. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 0.0%

NASDAQ:PLTR opened at $178.15 on Monday. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00. The firm has a market capitalization of $422.63 billion, a price-to-earnings ratio of 593.85, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The stock has a fifty day simple moving average of $171.52 and a 200 day simple moving average of $143.67.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share 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 business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the company posted $0.09 EPS. Palantir Technologies’s revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Bank of America lifted their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, Cantor Fitzgerald lifted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $141.28.

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.