Coastline Trust Co Raises Holdings in Palantir Technologies Inc. $PLTR

Coastline Trust Co grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 560.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,438 shares of the company’s stock after acquiring an additional 15,647 shares during the quarter. Coastline Trust Co’s holdings in Palantir Technologies were worth $2,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter worth $2,543,888,000. Nuveen LLC purchased a new position in shares of Palantir Technologies in the 1st quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after buying an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after buying an additional 4,221,392 shares during the period. Finally, Amundi raised its position in shares of 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 in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 0.9%

NASDAQ PLTR opened at $177.57 on Friday. Palantir Technologies Inc. has a fifty-two week low of $36.05 and a fifty-two week high of $190.00. The stock has a market cap of $421.26 billion, a price-to-earnings ratio of 591.92, a price-to-earnings-growth ratio of 9.91 and a beta of 2.59. The business has a fifty day moving average of $166.16 and a 200-day moving average of $133.63.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value 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. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,634,634 shares of company stock valued at $250,524,804. Corporate insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and lifted their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Finally, UBS Group reiterated a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average price target of $140.22.

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.