Cookson Peirce & Co. Inc. Purchases 138,645 Shares of Palantir Technologies Inc. $PLTR

Cookson Peirce & Co. Inc. raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 173.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,621 shares of the company’s stock after buying an additional 138,645 shares during the quarter. Palantir Technologies comprises 1.3% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 29th biggest position. Cookson Peirce & Co. Inc.’s holdings in Palantir Technologies were worth $29,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $450,000. Bison Wealth LLC grew its position in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares during the period. GAMMA Investing LLC grew its position in shares of Palantir Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock worth $1,912,000 after buying an additional 9,810 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of Palantir Technologies by 27.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 30,191 shares of the company’s stock worth $2,548,000 after buying an additional 6,451 shares during the period. Finally, Continuum Advisory LLC grew its position in shares of Palantir Technologies by 62.4% during the 1st quarter. Continuum Advisory LLC now owns 4,335 shares of the company’s stock worth $366,000 after buying an additional 1,665 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PLTR. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Loop Capital boosted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Five research 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $141.28.

Palantir Technologies Stock Down 0.0%

NASDAQ:PLTR opened at $181.51 on Wednesday. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $190.00. The business has a 50 day moving average price of $171.39 and a two-hundred day moving average price of $144.68. The company has a market cap of $430.60 billion, a P/E ratio of 605.05, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60.

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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The business’s revenue was up 48.0% on a year-over-year basis. 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 earnings per share for the current fiscal year.

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.