Genus Capital Management Inc. Buys New Holdings in Palantir Technologies Inc. $PLTR

Genus Capital Management Inc. bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,600 shares of the company’s stock, valued at approximately $5,398,000.

Several other institutional investors also recently bought and sold shares of the stock. Accuvest Global Advisors boosted its holdings in Palantir Technologies by 0.7% during the 2nd quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock valued at $1,232,000 after acquiring an additional 63 shares during the period. Ignite Planners LLC boosted its holdings in Palantir Technologies by 0.4% during the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock valued at $2,094,000 after acquiring an additional 66 shares during the period. Christensen King & Associates Investment Services Inc. boosted its holdings in Palantir Technologies by 1.3% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after acquiring an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. boosted its holdings in Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after acquiring an additional 73 shares during the period. Finally, Boomfish Wealth Group LLC boosted its holdings in Palantir Technologies by 2.7% during the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock valued at $379,000 after acquiring an additional 73 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the firm’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 transaction of $56,700,000.00. Following the completion of the transaction, the insider owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’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 value of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,527,750 shares of company stock worth $234,463,896 over the last quarter. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Down 7.9%

PLTR opened at $190.74 on Wednesday. The stock has a market cap of $452.50 billion, a PE ratio of 454.15, a PEG ratio of 11.23 and a beta of 2.63. The business has a 50 day moving average of $176.35 and a 200-day moving average of $152.68. Palantir Technologies Inc. has a 52 week low of $46.86 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 16.27% and a net margin of 28.11%.The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PLTR. Bank of America increased their price objective on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank Of Canada increased their price objective on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Citigroup increased their price objective on Palantir Technologies from $177.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $168.33.

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.