Compound Planning Inc. Acquires 13,487 Shares of Palantir Technologies Inc. $PLTR

Compound Planning Inc. boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 51.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,670 shares of the company’s stock after purchasing an additional 13,487 shares during the quarter. Compound Planning Inc.’s holdings in Palantir Technologies were worth $3,348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Northern Trust Corp grew its holdings in Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after buying an additional 64,973 shares in the last quarter. Invesco Ltd. grew its holdings in Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after buying an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in 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 buying an additional 4,221,392 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Palantir Technologies by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock valued at $1,149,055,000 after buying an additional 571,544 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in 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 buying an additional 4,748,513 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 0.1%

PLTR opened at $156.18 on Friday. The business has a fifty day moving average of $153.18 and a 200 day moving average of $121.39. Palantir Technologies Inc. has a 52-week low of $29.31 and a 52-week high of $190.00. The stock has a market cap of $370.51 billion, a P/E ratio of 520.62, a PEG ratio of 8.79 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) 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 company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the previous year, the business earned $0.09 EPS. Palantir Technologies’s revenue 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. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the subject of a number of recent research reports. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Wall Street Zen upgraded Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Bank of America lifted their target price on Palantir Technologies from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average target price of $136.61.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric H. Woersching sold 17,000 shares of Palantir Technologies stock in a transaction on Monday, June 9th. The shares were sold at an average price of $129.29, for a total value of $2,197,930.00. Following the sale, the director directly owned 12,562 shares of the company’s stock, valued at approximately $1,624,140.98. This trade represents a 57.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 529,684 shares of company stock worth $71,900,350 in the last 90 days. 9.23% of the stock is owned by 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.