GSG Advisors LLC Takes Position in Palantir Technologies Inc. $PLTR

GSG Advisors LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,862 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors have also made changes to their positions in the business. FOCUS Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $1,970,000. Mirador Capital Partners LP boosted its position in shares of Palantir Technologies by 3.6% during the 2nd quarter. Mirador Capital Partners LP now owns 14,464 shares of the company’s stock valued at $1,972,000 after acquiring an additional 496 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Palantir Technologies by 2.0% during the 2nd quarter. Gateway Investment Advisers LLC now owns 371,058 shares of the company’s stock valued at $50,583,000 after acquiring an additional 7,354 shares in the last quarter. David J Yvars Group acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $1,683,000. Finally, Hummer Financial Advisory Services Inc acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $225,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company’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 transaction of $5,708,200.80. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 1,625,634 shares of company stock valued at $248,926,404 over the last 90 days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $170.26 on Wednesday. The company has a market cap of $403.91 billion, a price-to-earnings ratio of 567.55, a price-to-earnings-growth ratio of 9.65 and a beta of 2.59. The firm has a 50 day simple moving average of $161.32 and a 200 day simple moving average of $128.32. Palantir Technologies Inc. has a fifty-two week low of $35.71 and a fifty-two week high of $190.00.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Finally, Citigroup restated a “neutral” rating and issued a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $138.28.

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.