Palantir Technologies Inc. $PLTR Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 721,389 shares of the company’s stock after buying an additional 11,883 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Palantir Technologies were worth $98,340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at about $25,000. Briaud Financial Planning Inc purchased a new stake in shares of Palantir Technologies in the second quarter valued at about $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at about $28,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at about $31,000. Finally, Tradewinds Capital Management LLC grew its holdings in shares of Palantir Technologies by 147.4% in the second quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PLTR. UBS Group reissued a “neutral” rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their target price for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $141.28.

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $184.63 on Friday. The stock has a market capitalization of $438.01 billion, a PE ratio of 615.45, a P/E/G ratio of 9.78 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00. The company’s 50-day simple moving average is $171.35 and its 200-day simple moving average is $146.34.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly 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 business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.