AlTi Global Inc. Acquires Shares of 3,452 Palantir Technologies Inc. $PLTR

AlTi Global Inc. acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,452 shares of the company’s stock, valued at approximately $472,000.

Several other institutional investors also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies in the 4th quarter valued at $450,000. Bison Wealth LLC increased its stake in 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. GAMMA Investing LLC increased its stake in Palantir Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock valued at $1,912,000 after buying an additional 9,810 shares during the period. Daymark Wealth Partners LLC increased its stake in Palantir Technologies by 10.3% in the 1st quarter. Daymark Wealth Partners LLC now owns 10,678 shares of the company’s stock valued at $901,000 after buying an additional 998 shares during the period. Finally, Bessemer Group Inc. increased its stake in Palantir Technologies by 13.6% in the 1st quarter. Bessemer Group Inc. now owns 25,414 shares of the company’s stock valued at $2,145,000 after buying an additional 3,050 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PLTR shares. Loop Capital boosted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Finally, Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $141.28.

Palantir Technologies Stock Up 2.3%

Palantir Technologies stock opened at $184.63 on Friday. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week high of $190.00. The firm’s 50-day simple moving average is $171.35 and its 200 day simple moving average is $146.34. The firm has a market capitalization of $438.01 billion, a PE ratio of 615.45, a P/E/G ratio of 9.78 and a beta of 2.60.

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

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director directly owned 62,087 shares in the company, valued at $11,572,395.93. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is owned by company insiders.

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.