One Charles Private Wealth Services LLC Invests $424,000 in Palantir Technologies Inc. $PLTR

One Charles Private Wealth Services LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,107 shares of the company’s stock, valued at approximately $424,000.

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

Analyst Ratings Changes

A number of research analysts have issued reports on PLTR shares. Daiwa Capital Markets boosted their target price on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Palantir Technologies in a report on Monday, November 17th. Morgan Stanley lifted their target price on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Loop Capital increased their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $172.28.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $162.25 on Tuesday. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52. The stock has a market cap of $386.71 billion, a PE ratio of 386.32, a price-to-earnings-growth ratio of 6.00 and a beta of 2.63. The business’s fifty day moving average is $180.17 and its 200-day moving average is $158.83.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data 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 return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company’s revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $157.50, for a total transaction of $197,190.00. Following the completion of the transaction, the insider owned 47,044 shares in the company, valued at approximately $7,409,430. This trade represents a 2.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the completion of the sale, the insider owned 251,409 shares in the company, valued at $40,818,765.24. The trade was a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,149,695 shares of company stock worth $186,821,453 in the last ninety days. Insiders own 12.93% 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.