Jacobi Capital Management LLC Buys 815 Shares of Palantir Technologies Inc. $PLTR

Jacobi Capital Management LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 10.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,666 shares of the company’s stock after acquiring an additional 815 shares during the quarter. Jacobi Capital Management LLC’s holdings in Palantir Technologies were worth $731,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Revolve Wealth Partners LLC bought a new position in Palantir Technologies during the fourth quarter valued at $450,000. Bison Wealth LLC lifted its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Palantir Technologies by 120.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,583 shares of the company’s stock valued at $1,254,000 after purchasing an additional 9,052 shares during the last quarter. Pathstone Holdings LLC lifted its position in Palantir Technologies by 7.5% during the fourth quarter. Pathstone Holdings LLC now owns 116,853 shares of the company’s stock valued at $8,838,000 after purchasing an additional 8,146 shares during the last quarter. Finally, Shell Asset Management Co. bought a new position in Palantir Technologies during the fourth quarter valued at $1,002,000. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank Of Canada increased their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research report on Tuesday, August 5th. Mizuho upgraded shares of Palantir Technologies from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Citigroup reiterated a “neutral” rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their price objective for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $136.61.

Insider Buying and Selling

In related news, 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 value of $29,020,656.40. Following the transaction, the insider owned 592 shares of the company’s stock, valued at $89,611.04. This trade represents a 99.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,604,634 shares of company stock worth $245,441,454 over the last ninety days. 9.23% of the stock is owned by insiders.

Palantir Technologies Trading Up 4.3%

Palantir Technologies stock opened at $171.43 on Friday. The firm has a 50-day moving average price of $160.07 and a 200-day moving average price of $126.87. The firm has a market capitalization of $406.69 billion, a PE ratio of 571.45, a price-to-earnings-growth ratio of 9.26 and a beta of 2.59. Palantir Technologies Inc. has a 12-month low of $34.89 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during 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 business’s revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share 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.