Signature Estate & Investment Advisors LLC Grows Stake in Palantir Technologies Inc. $PLTR

Signature Estate & Investment Advisors LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 26.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,717 shares of the company’s stock after purchasing an additional 786 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Palantir Technologies were worth $314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PLTR. Nuveen LLC purchased a new position in Palantir Technologies in the first quarter worth $520,232,000. Price T Rowe Associates Inc. MD lifted 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 buying an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. lifted 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 buying an additional 4,221,392 shares during the period. Amundi lifted its stake in shares of Palantir Technologies by 56.1% during the first quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after buying an additional 3,815,386 shares during the period. Finally, Invesco Ltd. lifted 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 buying an additional 2,998,716 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup reiterated a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their price objective 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. Bank of America lifted their price objective 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. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research note 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 company’s stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $136.61.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of 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. In the last 90 days, insiders have sold 1,604,634 shares of company stock valued at $245,441,454. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $166.74 on Thursday. The firm has a 50-day simple moving average of $158.72 and a two-hundred day simple moving average of $125.78. The company has a market cap of $395.56 billion, a P/E ratio of 555.82, a price-to-earnings-growth ratio of 9.15 and a beta of 2.59. Palantir Technologies Inc. has a fifty-two week low of $33.62 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued 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. The business had revenue of $1 billion during the quarter, compared to the consensus estimate 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 was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current 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.