Investment Partners LTD. Has $1.06 Million Stock Position in Palantir Technologies Inc. $PLTR

Investment Partners LTD. raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.8% in the second quarter, Holdings Channel reports. The firm owned 7,774 shares of the company’s stock after buying an additional 427 shares during the period. Investment Partners LTD.’s holdings in Palantir Technologies were worth $1,060,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the second quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the 1st quarter valued at about $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $27,000. Finally, Briaud Financial Planning Inc acquired a new stake in Palantir Technologies in the 2nd quarter worth approximately $27,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 2.4%

NASDAQ PLTR opened at $179.69 on Thursday. Palantir Technologies Inc. has a 1-year low of $58.53 and a 1-year high of $207.52. The company has a market capitalization of $426.28 billion, a price-to-earnings ratio of 427.83, a PEG ratio of 7.40 and a beta of 2.63. The stock’s 50 day moving average is $179.73 and its two-hundred day moving average is $155.83.

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

Wall Street Analyst Weigh In

PLTR has been the subject of several research analyst reports. Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada boosted their price target on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $172.28.

Insider Transactions at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,527,750 shares of company stock worth $234,463,896. 9.23% of the stock is owned by company insiders.

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.