Caitong International Asset Management Co. Ltd Purchases 103,688 Shares of Palantir Technologies Inc. $PLTR

Caitong International Asset Management Co. Ltd grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 128,009.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 103,769 shares of the company’s stock after purchasing an additional 103,688 shares during the quarter. Palantir Technologies accounts for 10.1% of Caitong International Asset Management Co. Ltd’s portfolio, making the stock its largest position. Caitong International Asset Management Co. Ltd’s holdings in Palantir Technologies were worth $14,146,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its stake in shares of Palantir Technologies by 4.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 928,091 shares of the company’s stock worth $126,517,000 after acquiring an additional 42,517 shares in the last quarter. R Squared Ltd bought a new stake in shares of Palantir Technologies during the 2nd quarter worth $1,972,000. AlTi Global Inc. bought a new stake in shares of Palantir Technologies during the 2nd quarter worth $472,000. GenTrust LLC boosted its stake in shares of Palantir Technologies by 0.3% during the 2nd quarter. GenTrust LLC now owns 46,315 shares of the company’s stock worth $6,314,000 after acquiring an additional 130 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in shares of Palantir Technologies by 2.7% during the 2nd quarter. 180 Wealth Advisors LLC now owns 7,412 shares of the company’s stock worth $1,010,000 after acquiring an additional 198 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 2.8%

Shares of Palantir Technologies stock opened at $180.48 on Friday. The stock has a market cap of $428.16 billion, a PE ratio of 601.62, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. The business has a fifty day simple moving average of $171.20 and a 200-day simple moving average of $145.60. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $190.00.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PLTR. Loop Capital raised their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Citigroup reissued a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their target price on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Finally, Cantor Fitzgerald raised their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $141.28.

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.