Metis Global Partners LLC Boosts Stock Holdings in Palantir Technologies Inc. $PLTR

Metis Global Partners LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,802 shares of the company’s stock after buying an additional 9,010 shares during the quarter. Metis Global Partners LLC’s holdings in Palantir Technologies were worth $14,150,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the 2nd quarter worth approximately $25,000. Briaud Financial Planning Inc bought a new stake in Palantir Technologies in the second quarter valued at approximately $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at approximately $28,000. Family Legacy Financial Solutions LLC bought a new position in shares of Palantir Technologies in the second quarter worth approximately $31,000. Finally, Tradewinds Capital Management LLC increased its stake 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 worth $32,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of analyst reports. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday. Mizuho raised their target price on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday. HSBC upped their price target on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Bank of America upped their target price on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average price target of $173.45.

Insider Buying and Selling

In related news, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction dated 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 sale, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander C. Karp sold 222,878 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 $33,737,042.86. Following the completion of the sale, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,527,750 shares of company stock worth $234,463,896 over the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $177.93 on Friday. Palantir Technologies Inc. has a 52-week low of $55.30 and a 52-week high of $207.52. The firm has a market capitalization of $422.11 billion, a P/E ratio of 423.65, a P/E/G ratio of 6.78 and a beta of 2.63. The stock has a 50 day moving average price of $177.73 and a 200-day moving average price of $153.68.

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

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.