Means Investment CO. Inc. Grows Position in Palantir Technologies Inc. $PLTR

Means Investment CO. Inc. raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 87,877 shares of the company’s stock after purchasing an additional 3,310 shares during the quarter. Palantir Technologies comprises about 1.1% of Means Investment CO. Inc.’s holdings, making the stock its 18th biggest position. Means Investment CO. Inc.’s holdings in Palantir Technologies were worth $11,979,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC grew its stake in Palantir Technologies by 25.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 294,476 shares of the company’s stock valued at $40,143,000 after acquiring an additional 59,219 shares in the last quarter. Sather Financial Group Inc purchased a new stake in shares of Palantir Technologies in the second quarter valued at approximately $232,000. Sovereign Financial Group Inc. grew its position in shares of Palantir Technologies by 79.7% in the second quarter. Sovereign Financial Group Inc. now owns 6,159 shares of the company’s stock valued at $840,000 after purchasing an additional 2,732 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Palantir Technologies by 23.1% in the second quarter. Concurrent Investment Advisors LLC now owns 186,280 shares of the company’s stock valued at $25,394,000 after purchasing an additional 34,899 shares in the last quarter. Finally, Asset Planning Inc grew its position in shares of Palantir Technologies by 6.8% in the second quarter. Asset Planning Inc now owns 1,580 shares of the company’s stock valued at $215,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In related news, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock worth $244,714,146 in the last three months. 9.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and upped their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Finally, UBS Group reissued 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. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.22.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $175.44 on Friday. The firm has a market cap of $416.20 billion, a PE ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. The company has a 50-day moving average of $171.32 and a two-hundred day moving average of $140.05. Palantir Technologies Inc. has a 1-year low of $40.36 and a 1-year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates 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 was up 48.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Palantir Technologies Company 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.