Intrua Financial LLC Boosts Stock Position in Palantir Technologies Inc. $PLTR

Intrua Financial LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.2% in the first quarter, Holdings Channel reports. The institutional investor owned 5,183 shares of the company’s stock after acquiring an additional 1,011 shares during the quarter. Intrua Financial LLC’s holdings in Palantir Technologies were worth $437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $450,000. Bison Wealth LLC increased its position in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Palantir Technologies by 120.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,583 shares of the company’s stock valued at $1,254,000 after buying an additional 9,052 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Palantir Technologies by 6.8% in the fourth quarter. Nuveen Asset Management LLC now owns 5,219,689 shares of the company’s stock valued at $394,765,000 after buying an additional 332,546 shares in the last quarter. Finally, NorthRock Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $2,035,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business’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 transaction, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,604,634 shares of company stock valued at $245,441,454 in the last three months. Company insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent analyst reports. Citigroup restated a “neutral” rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Royal Bank Of Canada lifted their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Mizuho raised Palantir Technologies from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $116.00 to $135.00 in a research note on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $136.61.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $164.36 on Friday. The stock’s fifty day moving average is $159.32 and its two-hundred day moving average is $126.29. The firm has a market capitalization of $389.92 billion, a P/E ratio of 547.88, a price-to-earnings-growth ratio of 9.40 and a beta of 2.59. Palantir Technologies Inc. has a fifty-two week low of $34.53 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data 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 company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current 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.