Cullinan Associates Inc. Grows Stock Holdings in Palantir Technologies Inc. $PLTR

Cullinan Associates Inc. grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,200 shares of the company’s stock after buying an additional 200 shares during the quarter. Cullinan Associates Inc.’s holdings in Palantir Technologies were worth $573,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Petros Family Wealth LLC grew its stake in Palantir Technologies by 41.5% during the second quarter. Petros Family Wealth LLC now owns 4,578 shares of the company’s stock worth $624,000 after buying an additional 1,342 shares during the period. Valeo Financial Advisors LLC grew its stake in Palantir Technologies by 4.5% during the second quarter. Valeo Financial Advisors LLC now owns 48,395 shares of the company’s stock worth $6,597,000 after buying an additional 2,071 shares during the period. Knights of Columbus Asset Advisors LLC grew its stake in Palantir Technologies by 13.2% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 20,525 shares of the company’s stock worth $2,798,000 after buying an additional 2,401 shares during the period. DAVENPORT & Co LLC grew its stake in Palantir Technologies by 18.6% during the second quarter. DAVENPORT & Co LLC now owns 89,130 shares of the company’s stock worth $12,150,000 after buying an additional 13,967 shares during the period. Finally, Grimes & Company Inc. grew its stake in Palantir Technologies by 10.4% during the second quarter. Grimes & Company Inc. now owns 3,408 shares of the company’s stock worth $465,000 after buying an additional 322 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $173.07 on Monday. Palantir Technologies Inc. has a one year low of $38.78 and a one year high of $190.00. The company has a 50-day simple moving average of $168.90 and a 200-day simple moving average of $137.33. The firm has a market capitalization of $410.58 billion, a P/E ratio of 576.92, a P/E/G ratio of 9.66 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 business 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 EPS. The company’s revenue for the quarter 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. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PLTR shares. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Loop Capital boosted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research report on Monday, September 15th. Finally, Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.22.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 222,878 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 592 shares of the company’s stock, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock worth $244,676,722 over the last ninety days. Insiders own 12.93% 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.