Financial Management Professionals Inc. Buys 122 Shares of Palantir Technologies Inc. $PLTR

Financial Management Professionals Inc. boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 13.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,054 shares of the company’s stock after acquiring an additional 122 shares during the quarter. Financial Management Professionals Inc.’s holdings in Palantir Technologies were worth $144,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Christensen King & Associates Investment Services Inc. grew 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 worth $747,000 after acquiring an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. grew 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 worth $1,007,000 after acquiring an additional 73 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Palantir Technologies by 3.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company’s stock worth $329,000 after acquiring an additional 80 shares during the last quarter. Optima Capital LLC grew its holdings in Palantir Technologies by 0.6% during the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company’s stock worth $1,066,000 after acquiring an additional 81 shares during the last quarter. Finally, Allegiance Financial Group Advisory Services LLC grew its holdings in Palantir Technologies by 3.0% during the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company’s stock worth $246,000 after acquiring an additional 84 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Down 1.6%

Palantir Technologies stock opened at $179.56 on Thursday. Palantir Technologies Inc. has a 12-month low of $36.05 and a 12-month high of $190.00. The firm’s fifty day moving average is $165.17 and its 200 day moving average is $131.89. The company has a market capitalization of $425.98 billion, a PE ratio of 598.55, a PEG ratio of 10.29 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the previous year, the company earned $0.09 EPS. Palantir Technologies’s quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction 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 transaction, the insider owned 6,432,258 shares in the company, valued at $973,650,893.46. The trade was a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $106,261,243.20. The trade was a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock worth $250,524,804 over the last ninety days. 9.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research reports. Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday. Citigroup reissued a “neutral” rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Loop Capital boosted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada boosted their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $140.22.

Palantir Technologies 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.