Knights of Columbus Asset Advisors LLC Buys 2,401 Shares of Palantir Technologies Inc. $PLTR

Knights of Columbus Asset Advisors LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 20,525 shares of the company’s stock after acquiring an additional 2,401 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Palantir Technologies were worth $2,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the first quarter valued at about $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies during the second quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at approximately $27,000. 1248 Management LLC bought a new stake in Palantir Technologies in the 1st quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in Palantir Technologies during the 2nd quarter worth approximately $31,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on PLTR. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a report on Monday, September 15th. Bank of America raised their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a report on Tuesday, August 5th. Finally, Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Five equities 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $179.53 on Tuesday. The company’s 50-day moving average is $169.33 and its 200-day moving average is $137.95. The firm has a market capitalization of $425.91 billion, a PE ratio of 598.45, a P/E/G ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock worth $244,676,722 in the last three months. 12.93% of the stock is owned by company insiders.

About Palantir Technologies

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.