Groupe la Francaise Has $4.25 Million Holdings in Palantir Technologies Inc. $PLTR

Groupe la Francaise increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 669.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 36,614 shares of the company’s stock after buying an additional 31,858 shares during the period. Groupe la Francaise’s holdings in Palantir Technologies were worth $4,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLTR. Kingsbury Capital Investment Advisors LLC grew its position in shares of Palantir Technologies by 26.2% in the second quarter. Kingsbury Capital Investment Advisors LLC now owns 4,246 shares of the company’s stock valued at $495,000 after purchasing an additional 882 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $77,794,000. Carlson Financial Inc. boosted its stake in Palantir Technologies by 1.3% during the 2nd quarter. Carlson Financial Inc. now owns 10,349 shares of the company’s stock valued at $1,207,000 after purchasing an additional 130 shares during the period. California State Teachers Retirement System boosted its stake in Palantir Technologies by 11,040.0% during the 2nd quarter. California State Teachers Retirement System now owns 383,800,665 shares of the company’s stock valued at $44,778,024,000 after purchasing an additional 380,355,408 shares during the period. Finally, Washington Trust Advisors Inc. grew its holdings in Palantir Technologies by 16.6% in the 2nd quarter. Washington Trust Advisors Inc. now owns 3,815 shares of the company’s stock valued at $445,000 after buying an additional 544 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on PLTR shares. Northland Securities set a $200.00 price target on Palantir Technologies in a research report on Tuesday, August 4th. Phillip Securities increased their price objective on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $204.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $192.19.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the sale, the insider directly owned 58,171 shares in the company, valued at $10,170,035.93. This represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 150,000 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total value of $19,500,000.00. Following the transaction, the insider owned 599,899 shares of the company’s stock, valued at $77,986,870. This represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 721,508 shares of company stock worth $117,070,093 over the last 90 days. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $174.33 on Tuesday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The stock has a market cap of $418.93 billion, a P/E ratio of 149.00, a PEG ratio of 2.47 and a beta of 1.62. The company’s 50-day simple moving average is $151.39 and its 200 day simple moving average is $143.92.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. Research analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Trending Headlines about Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Palantir’s shares surged about 51% in August after the company delivered better-than-expected earnings, revenue growth of nearly 93%, and an increased full-year outlook. Major customer wins and continued demand for its artificial-intelligence platforms reinforced the bullish narrative. Palantir Surged 51% in August
• Positive Sentiment: Analysts and bullish commentators continue to argue that Palantir can sustain its momentum as its software platforms expand across government and commercial customers. Its forward-deployed engineering model is also being studied by major technology companies, highlighting the potential strategic value of Palantir’s approach. Palantir Stock Could Make a Dramatic Move
• Neutral Sentiment: ARK Invest, led by Cathie Wood, sold roughly $25 million of Palantir shares while reallocating capital toward Rocket Lab, Robinhood, Block and other holdings. The sales may reflect portfolio management rather than a fundamental change in Palantir’s outlook, but they remove a notable source of buying support. Cathie Wood Dumps Palantir Shares
• Negative Sentiment: Michael Burry renewed his criticism that Palantir’s financial profile resembles a consultancy more than a high-margin software company. He pointed to accounts receivable of $1.49 billion, up from $1.04 billion at year-end, and significant exposure to a single customer’s receivables. The warning is particularly relevant given PLTR’s very elevated earnings multiple. Michael Burry’s Palantir Warning
• Negative Sentiment: Reports of insider selling and concerns about public distrust of Palantir’s work with sensitive government and health data add further potential overhangs. UK officials warned that mistrust could reduce NHS research participation, creating reputational and commercial risks. Palantir Shares Following Insider Selling

Palantir Technologies Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.