Hilltop National Bank Takes Position in Palantir Technologies Inc. $PLTR

Hilltop National Bank acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,320 shares of the company’s stock, valued at approximately $180,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Christensen King & Associates Investment Services Inc. grew its stake in shares of Palantir Technologies by 1.3% during the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after buying an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. grew its stake in shares of Palantir Technologies by 1.0% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after buying an additional 73 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Palantir Technologies by 3.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company’s stock valued at $329,000 after buying an additional 80 shares during the last quarter. Oxinas Partners Wealth Management LLC grew its stake in shares of Palantir Technologies by 2.7% in the second quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company’s stock worth $410,000 after purchasing an additional 80 shares during the last quarter. Finally, Optima Capital LLC grew its stake in shares of Palantir Technologies by 0.6% in the first quarter. Optima Capital LLC now owns 12,626 shares of the company’s stock worth $1,066,000 after purchasing an additional 81 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLTR shares. Bank of America raised their target price on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. 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. Royal Bank Of Canada raised their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and raised their target price for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Saturday, September 27th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $140.22.

Insider Buying and Selling

In other Palantir Technologies 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 value of $33,737,042.86. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Friday, September 5th. The stock was 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 owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock worth $244,676,722 in the last three months. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Down 7.5%

Shares of PLTR opened at $173.07 on Friday. The firm has a market cap of $410.58 billion, a PE ratio of 576.92, a P/E/G ratio of 9.66 and a beta of 2.60. The firm has a fifty day simple moving average of $168.90 and a two-hundred day simple moving average of $136.98. 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 (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 firm 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 posted $0.09 EPS. The company’s revenue for the quarter 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. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.