King Luther Capital Management Corp Has $9.71 Million Holdings in Palantir Technologies Inc. $PLTR

King Luther Capital Management Corp grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.5% in the second quarter, HoldingsChannel reports. The fund owned 71,197 shares of the company’s stock after acquiring an additional 345 shares during the period. King Luther Capital Management Corp’s holdings in Palantir Technologies were worth $9,706,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PLTR. Northern Trust Corp lifted its holdings in Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after buying an additional 64,973 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at $2,543,888,000. Invesco Ltd. raised its position 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 acquiring an additional 2,998,716 shares during the last quarter. 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 valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Palantir Technologies by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock valued at $1,149,055,000 after acquiring an additional 571,544 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $177.93 on Monday. Palantir Technologies Inc. has a 52 week low of $55.30 and a 52 week high of $207.52. The company’s 50 day moving average price is $177.73 and its two-hundred day moving average price is $154.47. The company has a market capitalization of $422.11 billion, a P/E ratio of 423.65, a price-to-earnings-growth ratio of 6.90 and a beta of 2.63.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Wall Street Zen raised shares of Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada upped their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. Robert W. Baird raised their price target on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Bank of America upped their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $173.45.

Insider Activity

In related news, insider Alexander C. Karp sold 222,878 shares of the 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 transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider owned 592 shares in the company, valued at $89,611.04. The trade was a 99.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,527,750 shares of company stock worth $234,463,896. 12.93% 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.