Palantir Technologies Inc. $PLTR is Dorsey Wright & Associates’ Largest Position

Dorsey Wright & Associates increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 21.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,275 shares of the company’s stock after purchasing an additional 20,998 shares during the period. Palantir Technologies makes up approximately 3.9% of Dorsey Wright & Associates’ holdings, making the stock its biggest position. Dorsey Wright & Associates’ holdings in Palantir Technologies were worth $16,396,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Truist Financial Corp lifted its holdings in Palantir Technologies by 4.2% in the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after acquiring an additional 21,809 shares during the period. Vanguard Group Inc. grew its stake in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. State of Michigan Retirement System increased its position in shares of Palantir Technologies by 1.3% during the 2nd quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after purchasing an additional 12,300 shares during the last quarter. Presilium Private Wealth LLC bought a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $204,000. Finally, New Century Financial Group LLC bought a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on PLTR shares. DA Davidson boosted their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Wall Street Zen upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group boosted their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Morgan Stanley raised their target price on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. Finally, Northland Securities lifted their target price on Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $172.28.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $167.33 on Wednesday. Palantir Technologies Inc. has a one year low of $59.26 and a one year high of $207.52. The company’s fifty day moving average price is $180.88 and its 200-day moving average price is $157.59. The company has a market capitalization of $398.82 billion, a price-to-earnings ratio of 398.41, a PEG ratio of 6.64 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $1.18 billion for 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% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director directly owned 62,087 shares in the company, valued at $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 623,112 shares of company stock valued at $97,592,605. 12.93% of the stock is 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.