Schroder Investment Management Group Boosts Stock Holdings in Palantir Technologies Inc. $PLTR

Schroder Investment Management Group grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,303,588 shares of the company’s stock after buying an additional 49,735 shares during the quarter. Schroder Investment Management Group’s holdings in Palantir Technologies were worth $177,705,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PLTR. Vanguard Group Inc. grew its position in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after acquiring an additional 7,194,216 shares during the last quarter. Norges Bank purchased a new stake in shares of Palantir Technologies during the second quarter valued at approximately $3,307,457,000. Northern Trust Corp boosted its stake in shares of Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after purchasing an additional 64,973 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Palantir Technologies in the second quarter worth approximately $2,543,888,000. Finally, Invesco Ltd. increased its stake in shares of Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after buying an additional 2,998,716 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $168.44 on Friday. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52. The stock has a market capitalization of $401.46 billion, a P/E ratio of 401.05, a P/E/G ratio of 6.53 and a beta of 2.63. The company’s 50-day moving average is $179.48 and its 200 day moving average is $159.82.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PLTR. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Piper Sandler increased their target price on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday. UBS Group boosted their price target on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Palantir Technologies in a research report on Monday, November 17th. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $172.28.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 308,635 shares of Palantir Technologies stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the sale, the insider directly owned 592 shares in the company, valued at $97,082.08. The trade was a 99.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the completion of the sale, the insider directly owned 251,409 shares in the company, valued at approximately $40,818,765.24. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,146,892 shares of company stock worth $186,381,382 over the last quarter. Company insiders own 9.23% of the company’s stock.

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.