J. Safra Sarasin Holding AG Grows Position in Palantir Technologies Inc. $PLTR

J. Safra Sarasin Holding AG increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 201.2% during the second quarter, Holdings Channel reports. The institutional investor owned 9,037 shares of the company’s stock after buying an additional 6,037 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Palantir Technologies were worth $1,223,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Christensen King & Associates Investment Services Inc. increased its stake in Palantir Technologies by 1.3% in the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after purchasing an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its stake in Palantir Technologies by 1.0% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after purchasing an additional 73 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in Palantir Technologies by 3.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company’s stock valued at $329,000 after purchasing an additional 80 shares during the last quarter. Oxinas Partners Wealth Management LLC increased its stake in Palantir Technologies by 2.7% in the second quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company’s stock valued at $410,000 after purchasing an additional 80 shares during the last quarter. Finally, Optima Capital LLC increased its stake in Palantir Technologies by 0.6% in the first quarter. Optima Capital LLC now owns 12,626 shares of the company’s stock valued at $1,066,000 after purchasing an additional 81 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLTR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Royal Bank Of Canada increased their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Finally, Loop Capital raised their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $140.22.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $173.07 on Friday. Palantir Technologies Inc. has a one year low of $38.78 and a one year high of $190.00. The business has a fifty day moving average of $168.90 and a two-hundred day moving average of $136.98. The company has a market cap of $410.58 billion, a P/E ratio of 576.92, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60.

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

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the completion of the transaction, the director owned 50,794 shares of the company’s stock, valued at approximately $9,021,014.40. This represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,676,722 in the last quarter. Corporate insiders own 9.23% of the company’s stock.

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.