Quantbot Technologies LP Has $16.84 Million Position in Palantir Technologies Inc. $PLTR

Quantbot Technologies LP cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 52.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 123,537 shares of the company’s stock after selling 134,392 shares during the quarter. Palantir Technologies comprises 0.4% of Quantbot Technologies LP’s portfolio, making the stock its 29th largest position. Quantbot Technologies LP’s holdings in Palantir Technologies were worth $16,841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the first quarter worth about $27,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $27,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 0.6%

Palantir Technologies stock opened at $167.49 on Tuesday. The company has a 50 day moving average of $179.24 and a 200-day moving average of $160.30. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The stock has a market capitalization of $399.20 billion, a PE ratio of 398.80, a price-to-earnings-growth ratio of 6.53 and a beta of 1.50.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm’s revenue was up 62.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 19,004 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the completion of the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $100,435,312.50. This represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Glazer sold 1,973 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $308,281.25. Following the transaction, the insider owned 413,639 shares of the company’s stock, valued at approximately $64,631,093.75. The trade was a 0.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,065,892 shares of company stock valued at $173,869,312. Corporate insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PLTR. Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 4th. DA Davidson increased their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Piper Sandler lifted their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Bank of America boosted their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Robert W. Baird raised their price objective on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus price target of $172.28.

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.