IAM Advisory LLC Boosts Holdings in Palantir Technologies Inc. $PLTR

IAM Advisory LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,356 shares of the company’s stock after acquiring an additional 113 shares during the quarter. IAM Advisory LLC’s holdings in Palantir Technologies were worth $1,412,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Northern Trust Corp raised 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 worth $1,650,310,000 after acquiring an additional 64,973 shares in the last quarter. Invesco Ltd. raised its stake in shares of Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after acquiring an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Palantir Technologies by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock worth $1,149,055,000 after acquiring an additional 571,544 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,625,634 shares of company stock worth $248,926,404. 9.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research reports. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Bank of America lifted their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their target price for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $138.28.

Palantir Technologies Trading Down 0.1%

NASDAQ:PLTR opened at $171.21 on Tuesday. The company has a 50-day moving average price of $160.71 and a 200-day moving average price of $128.03. Palantir Technologies Inc. has a 12 month low of $35.56 and a 12 month high of $190.00. The stock has a market cap of $406.17 billion, a price-to-earnings ratio of 570.72, a P/E/G ratio of 9.66 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.