AlTi Global Inc. Takes Position in Palantir Technologies Inc. $PLTR

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

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GenTrust LLC boosted its stake in shares of Palantir Technologies by 0.3% in the second quarter. GenTrust LLC now owns 46,315 shares of the company’s stock valued at $6,314,000 after purchasing an additional 130 shares during the period. 180 Wealth Advisors LLC boosted its stake in shares of Palantir Technologies by 2.7% in the second quarter. 180 Wealth Advisors LLC now owns 7,412 shares of the company’s stock valued at $1,010,000 after purchasing an additional 198 shares during the period. Guardian Asset Advisors LLC raised its holdings in Palantir Technologies by 11.7% in the second quarter. Guardian Asset Advisors LLC now owns 30,603 shares of the company’s stock valued at $4,172,000 after acquiring an additional 3,207 shares in the last quarter. Carnegie Investment Counsel raised its holdings in Palantir Technologies by 2.2% in the second quarter. Carnegie Investment Counsel now owns 121,674 shares of the company’s stock valued at $16,587,000 after acquiring an additional 2,630 shares in the last quarter. Finally, Cornerstone Management Inc. acquired a new stake in Palantir Technologies in the second quarter valued at approximately $282,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Loop Capital raised their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $141.28.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. The trade was a 34.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies 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 completion of the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. The trade was a 99.69% 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. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Up 2.3%

PLTR stock opened at $184.63 on Friday. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $190.00. The company’s 50 day moving average is $171.35 and its two-hundred day moving average is $146.34. The stock has a market cap of $438.01 billion, a P/E ratio of 615.45, a PEG 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm’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 research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies 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.