Godsey & Gibb Inc. Purchases 215 Shares of Palantir Technologies Inc. $PLTR

Godsey & Gibb Inc. grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 51.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 635 shares of the company’s stock after purchasing an additional 215 shares during the quarter. Godsey & Gibb Inc.’s holdings in Palantir Technologies were worth $87,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth approximately $2,543,888,000. Nuveen LLC purchased a new stake in Palantir Technologies in the 1st quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD boosted its position in Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after purchasing an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares in the last quarter. Finally, Amundi lifted its position in shares of Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after buying an additional 3,815,386 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PLTR shares. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Royal Bank Of Canada raised their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a report on Monday, September 15th. Finally, Cantor Fitzgerald raised their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $140.22.

Palantir Technologies Stock Performance

Shares of PLTR opened at $179.53 on Tuesday. The stock has a 50-day simple moving average of $169.33 and a 200-day simple moving average of $137.95. The stock has a market capitalization of $425.91 billion, a PE ratio of 598.45, a PEG ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $38.78 and a 1 year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The company’s 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. Analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value of $1,598,400.00. Following the sale, the director owned 50,794 shares of the company’s stock, valued at $9,021,014.40. This trade represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,591,085 shares of company stock valued at $244,676,722. Corporate insiders own 12.93% of the company’s stock.

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.