AG2R LA Mondiale Gestion D Actifs Buys 1,898 Shares of Palantir Technologies Inc. $PLTR

AG2R LA Mondiale Gestion D Actifs grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.4% in the second quarter, Holdings Channel reports. The fund owned 79,714 shares of the company’s stock after acquiring an additional 1,898 shares during the quarter. Palantir Technologies accounts for about 0.6% of AG2R LA Mondiale Gestion D Actifs’ portfolio, making the stock its 26th largest position. AG2R LA Mondiale Gestion D Actifs’ holdings in Palantir Technologies were worth $10,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at $450,000. Bison Wealth LLC boosted its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,667 shares during the period. GAMMA Investing LLC increased its stake in shares of Palantir Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock worth $1,912,000 after purchasing an additional 9,810 shares in the last quarter. Daymark Wealth Partners LLC raised its position in shares of Palantir Technologies by 10.3% in the first quarter. Daymark Wealth Partners LLC now owns 10,678 shares of the company’s stock valued at $901,000 after purchasing an additional 998 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Palantir Technologies by 13.6% in the 1st quarter. Bessemer Group Inc. now owns 25,414 shares of the company’s stock worth $2,145,000 after buying an additional 3,050 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $184.63 on Friday. The company’s fifty day moving average price is $171.35 and its 200-day moving average price is $146.34. The firm has a market capitalization of $438.01 billion, a price-to-earnings ratio of 615.45, a PEG ratio of 9.78 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on PLTR shares. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Bank of America upped 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. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, Citigroup reaffirmed a “neutral” rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average price target of $141.28.

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.