Vanguard Personalized Indexing Management LLC Grows Holdings in Palantir Technologies Inc. $PLTR

Vanguard Personalized Indexing Management LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 25.2% during the 2nd quarter, Holdings Channel reports. The firm owned 294,476 shares of the company’s stock after purchasing an additional 59,219 shares during the quarter. Palantir Technologies makes up approximately 0.5% of Vanguard Personalized Indexing Management LLC’s holdings, making the stock its 26th largest holding. Vanguard Personalized Indexing Management LLC’s holdings in Palantir Technologies were worth $40,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLTR. Kingstone Capital Partners Texas LLC purchased a new position in Palantir Technologies in the second quarter valued at about $2,543,888,000. Nuveen LLC bought a new stake in Palantir Technologies during the 1st quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD increased its holdings in Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. increased its holdings in Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Finally, Amundi increased its holdings in Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after acquiring an additional 3,815,386 shares during the period. 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 a number of analyst reports. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a report on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned 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 $140.22.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $175.44 on Friday. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00. The stock has a market capitalization of $416.20 billion, a price-to-earnings ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. The company has a fifty day moving average of $171.32 and a 200-day moving average of $140.05.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’s revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock worth $244,714,146 in the last ninety days. 9.23% of the stock is currently owned by insiders.

Palantir Technologies 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.