Jacobi Capital Management LLC Boosts Position in Palantir Technologies Inc. $PLTR

Jacobi Capital Management LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 10.4% during the first quarter, HoldingsChannel reports. The firm owned 8,666 shares of the company’s stock after purchasing an additional 815 shares during the period. Jacobi Capital Management LLC’s holdings in Palantir Technologies were worth $731,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Allegiance Financial Group Advisory Services LLC increased its position in Palantir Technologies by 3.0% during the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company’s stock valued at $246,000 after purchasing an additional 84 shares during the period. Delta Investment Management LLC increased its position in Palantir Technologies by 1.9% during the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company’s stock valued at $398,000 after purchasing an additional 90 shares during the period. Sovran Advisors LLC increased its position in Palantir Technologies by 1.8% during the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company’s stock valued at $460,000 after purchasing an additional 94 shares during the period. Lodestone Wealth Management LLC increased its position in Palantir Technologies by 1.1% during the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company’s stock valued at $755,000 after purchasing an additional 97 shares during the period. Finally, Continuum Advisory LLC increased its position in Palantir Technologies by 3.8% during the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company’s stock valued at $202,000 after purchasing an additional 98 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and raised their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Cantor Fitzgerald lifted their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Bank of America lifted their price objective on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $136.61.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,604,634 shares of company stock worth $245,441,454 in the last 90 days. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Up 4.3%

Shares of Palantir Technologies stock opened at $171.43 on Friday. The firm’s 50 day moving average price is $160.07 and its 200-day moving average price is $126.87. Palantir Technologies Inc. has a 52-week low of $34.89 and a 52-week high of $190.00. The company has a market cap of $406.69 billion, a P/E ratio of 571.45, a PEG ratio of 9.26 and a beta of 2.59.

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

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.