Hibernia Wealth Partners LLC Makes New $343,000 Investment in Palantir Technologies Inc. $PLTR

Hibernia Wealth Partners LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,519 shares of the company’s stock, valued at approximately $343,000.

Several other institutional investors have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies during the second quarter valued at $25,000. Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $27,000. Frazier Financial Advisors LLC bought a new position in shares of Palantir Technologies during the 2nd quarter valued at approximately $28,000. Finally, Family Legacy Financial Solutions LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on PLTR shares. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Northland Securities increased their price objective on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, November 5th. Royal Bank Of Canada increased their price target on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. Finally, Robert W. Baird boosted their price objective on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $172.28.

Palantir Technologies Trading Down 6.5%

Shares of PLTR stock opened at $172.14 on Friday. The stock has a market capitalization of $408.37 billion, a price-to-earnings ratio of 409.87, a P/E/G ratio of 7.14 and a beta of 2.63. Palantir Technologies Inc. has a twelve month low of $58.53 and a twelve month high of $207.52. The stock has a fifty day simple moving average of $180.05 and a two-hundred day simple moving average of $155.94.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the business’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 value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,527,750 shares of company stock valued at $234,463,896 over the last quarter. 9.23% of the stock is owned by insiders.

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.