Iron Gate Global Advisors LLC Boosts Stock Position in Palantir Technologies Inc. $PLTR

Iron Gate Global Advisors LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 206.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,258 shares of the company’s stock after buying an additional 41,965 shares during the period. Palantir Technologies accounts for approximately 0.7% of Iron Gate Global Advisors LLC’s portfolio, making the stock its 21st largest position. Iron Gate Global Advisors LLC’s holdings in Palantir Technologies were worth $5,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Chelsea Counsel Co. lifted its holdings in Palantir Technologies by 42.3% in the first quarter. Chelsea Counsel Co. now owns 1,530 shares of the company’s stock worth $129,000 after buying an additional 455 shares during the period. Indiana Trust & Investment Management Co increased its stake in shares of Palantir Technologies by 404.5% during the first quarter. Indiana Trust & Investment Management Co now owns 1,690 shares of the company’s stock valued at $143,000 after purchasing an additional 1,355 shares in the last quarter. McAdam LLC increased its stake in shares of Palantir Technologies by 78.4% during the first quarter. McAdam LLC now owns 12,159 shares of the company’s stock valued at $1,026,000 after purchasing an additional 5,344 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Palantir Technologies by 224.0% during the first quarter. Acadian Asset Management LLC now owns 554,978 shares of the company’s stock valued at $46,824,000 after purchasing an additional 383,677 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its stake in shares of Palantir Technologies by 2.1% during the first quarter. IFM Investors Pty Ltd now owns 382,990 shares of the company’s stock valued at $32,324,000 after purchasing an additional 7,800 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Citigroup reiterated a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $136.61.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction 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 sale, the insider owned 307,470 shares in the company, valued at $48,687,874.50. The trade was a 10.49% 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 Stephen Andrew Cohen sold 160,164 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $92,204. The trade was a 99.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,604,634 shares of company stock worth $245,441,454. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Trading Up 2.7%

Shares of PLTR opened at $166.74 on Thursday. The business’s 50 day moving average is $158.72 and its 200 day moving average is $125.78. The company has a market capitalization of $395.56 billion, a PE ratio of 555.82, a price-to-earnings-growth ratio of 9.15 and a beta of 2.59. Palantir Technologies Inc. has a 12-month low of $33.62 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share 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.