AMI Asset Management Corp Takes Position in Palantir Technologies Inc. $PLTR

AMI Asset Management Corp acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,000 shares of the company’s stock, valued at approximately $273,000.

Other large investors have also recently bought and sold shares of the company. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the first quarter valued at $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies in the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies in the 1st quarter valued at about $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the 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 transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated 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 sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,676,722 over the last three months. Insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 5th. Citigroup restated a “neutral” rating and issued a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and upped their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Mizuho set a $165.00 target price on Palantir Technologies in a report on Monday, September 15th. Finally, Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $140.22.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $184.95 on Thursday. The company has a market capitalization of $438.76 billion, a P/E ratio of 616.52, a price-to-earnings-growth ratio of 10.18 and a beta of 2.60. The business has a 50-day moving average of $167.97 and a two-hundred day moving average of $135.33. Palantir Technologies Inc. has a 1 year low of $36.15 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 for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the previous year, the business 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. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.