Illinois Municipal Retirement Fund Acquires 1,417 Shares of Palantir Technologies Inc. $PLTR

Illinois Municipal Retirement Fund boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,005 shares of the company’s stock after purchasing an additional 1,417 shares during the period. Illinois Municipal Retirement Fund’s holdings in Palantir Technologies were worth $16,904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Fountainhead AM LLC grew its position in shares of Palantir Technologies by 2.2% in the 2nd quarter. Fountainhead AM LLC now owns 9,875 shares of the company’s stock valued at $1,346,000 after buying an additional 213 shares during the last quarter. Fidelis Capital Partners LLC raised its position in shares of Palantir Technologies by 9.5% during the second quarter. Fidelis Capital Partners LLC now owns 43,977 shares of the company’s stock worth $5,995,000 after acquiring an additional 3,831 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Palantir Technologies by 6.1% in the second quarter. ProShare Advisors LLC now owns 3,566,476 shares of the company’s stock worth $486,182,000 after acquiring an additional 206,421 shares during the period. Profund Advisors LLC boosted its holdings in Palantir Technologies by 14.1% in the second quarter. Profund Advisors LLC now owns 206,991 shares of the company’s stock valued at $28,217,000 after acquiring an additional 25,653 shares during the last quarter. Finally, King Luther Capital Management Corp increased its position in Palantir Technologies by 0.5% during the 2nd quarter. King Luther Capital Management Corp now owns 71,197 shares of the company’s stock valued at $9,706,000 after purchasing an additional 345 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

PLTR stock opened at $177.93 on Monday. The company’s 50-day moving average is $177.73 and its 200-day moving average is $154.47. The stock has a market capitalization of $422.11 billion, a PE ratio of 423.65, a price-to-earnings-growth ratio of 6.90 and a beta of 2.63. Palantir Technologies Inc. has a 1 year low of $55.30 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $0.10 EPS. The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the company’s stock in a transaction 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 transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were 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 of the company’s stock, valued at $106,261,243.20. This represents a 34.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,527,750 shares of company stock worth $234,463,896 over the last quarter. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. UBS Group upped their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Robert W. Baird lifted their price objective on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, DA Davidson upped their target price on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $173.45.

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.