Bay Rivers Group Has $3.83 Million Stake in Palantir Technologies Inc. $PLTR

Bay Rivers Group grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 85.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,084 shares of the company’s stock after buying an additional 12,942 shares during the quarter. Palantir Technologies makes up about 1.8% of Bay Rivers Group’s investment portfolio, making the stock its 22nd largest holding. Bay Rivers Group’s holdings in Palantir Technologies were worth $3,828,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Riversedge Advisors LLC lifted its holdings in shares of Palantir Technologies by 6.4% during the 2nd quarter. Riversedge Advisors LLC now owns 21,870 shares of the company’s stock valued at $2,981,000 after buying an additional 1,315 shares during the last quarter. Connective Portfolio Management LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $793,000. Westmount Partners LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $355,000. Beacon Financial Group lifted its holdings in shares of Palantir Technologies by 37.7% during the 2nd quarter. Beacon Financial Group now owns 4,626 shares of the company’s stock valued at $631,000 after buying an additional 1,266 shares during the last quarter. Finally, Reyes Financial Architecture Inc. lifted its holdings in shares of Palantir Technologies by 696.2% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 1,680 shares of the company’s stock valued at $229,000 after buying an additional 1,469 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $171.21 on Tuesday. The stock’s 50 day simple moving average is $160.71 and its 200 day simple moving average is $128.03. Palantir Technologies Inc. has a twelve month low of $35.56 and a twelve month high of $190.00. The company has a market capitalization of $406.17 billion, a price-to-earnings ratio of 570.72, a PEG ratio of 9.66 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly 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 company had revenue of $1 billion for 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 company’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PLTR shares. The Goldman Sachs Group lifted their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research note on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and raised their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $138.28.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred 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 directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,625,634 shares of company stock worth $248,926,404. 9.23% of the stock is currently owned by company insiders.

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.