Mainsail Asset Management LLC Acquires 109 Shares of Palantir Technologies Inc. $PLTR

Mainsail Asset Management LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.8% in the second quarter, HoldingsChannel reports. The fund owned 13,534 shares of the company’s stock after buying an additional 109 shares during the period. Palantir Technologies accounts for 1.1% of Mainsail Asset Management LLC’s portfolio, making the stock its 14th largest position. Mainsail Asset Management LLC’s holdings in Palantir Technologies were worth $1,845,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its position in shares of Palantir Technologies by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 277,700 shares of the company’s stock valued at $37,856,000 after acquiring an additional 3,200 shares during the period. Venturi Wealth Management LLC raised its stake in Palantir Technologies by 12.3% in the second quarter. Venturi Wealth Management LLC now owns 13,112 shares of the company’s stock valued at $1,787,000 after purchasing an additional 1,433 shares in the last quarter. Canopy Partners LLC acquired a new position in Palantir Technologies in the second quarter valued at about $311,000. SGL Investment Advisors Inc. acquired a new position in Palantir Technologies in the second quarter valued at about $339,000. Finally, Shell Asset Management Co. raised its stake in Palantir Technologies by 132.5% in the second quarter. Shell Asset Management Co. now owns 30,859 shares of the company’s stock valued at $4,207,000 after purchasing an additional 17,586 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PLTR. The Goldman Sachs Group boosted their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. 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. Piper Sandler set a $182.00 price target on Palantir Technologies in a research note on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada boosted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Trading Up 1.5%

Shares of NASDAQ PLTR opened at $182.17 on Wednesday. The company has a market cap of $432.17 billion, a price-to-earnings ratio of 607.25, a PEG ratio of 10.02 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $39.01 and a 12 month high of $190.00. The stock has a 50-day moving average price of $169.85 and a two-hundred day moving average price of $138.26.

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

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,591,085 shares of company stock valued at $244,714,146. Corporate 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.