Palantir Technologies Inc. $PLTR is Dorsey Wright & Associates’ Largest Position

Dorsey Wright & Associates boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 21.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,275 shares of the company’s stock after acquiring an additional 20,998 shares during the quarter. Palantir Technologies comprises about 3.9% of Dorsey Wright & Associates’ investment portfolio, making the stock its biggest position. Dorsey Wright & Associates’ holdings in Palantir Technologies were worth $16,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after buying an additional 7,194,216 shares during the period. Northern Trust Corp increased its position in 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 acquiring an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at $2,543,888,000. Invesco Ltd. boosted its stake in shares of Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR opened at $167.33 on Wednesday. The company has a 50 day moving average price of $180.88 and a 200-day moving average price of $157.59. The stock has a market capitalization of $398.82 billion, a PE ratio of 398.41, a PEG ratio of 6.64 and a beta of 2.63. Palantir Technologies Inc. has a fifty-two week low of $59.26 and a fifty-two week high of $207.52.

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

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the business’s 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 sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 623,112 shares of company stock valued at $97,592,605 in the last 90 days. 12.93% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PLTR. Robert W. Baird raised their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Morgan Stanley increased their price target on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. Cantor Fitzgerald raised their price target on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Piper Sandler upped their price objective on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Finally, UBS Group increased their target price on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $172.28.

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.