Ironwood Investment Counsel LLC Increases Stock Holdings in Palantir Technologies Inc. $PLTR

Ironwood Investment Counsel LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,319 shares of the company’s stock after buying an additional 861 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Palantir Technologies were worth $589,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mechanics Financial Corp purchased a new position in Palantir Technologies during the first quarter worth about $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies during the first quarter worth $27,000. 1248 Management LLC purchased a new position in Palantir Technologies in the first quarter worth $27,000. Finally, Briaud Financial Planning Inc bought a new position in Palantir Technologies in the 2nd quarter valued at $27,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the transaction, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,527,750 shares of company stock valued at $234,463,896. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $190.96 on Wednesday. The stock has a market cap of $453.02 billion, a PE ratio of 454.68, a price-to-earnings-growth ratio of 7.51 and a beta of 2.63. Palantir Technologies Inc. has a fifty-two week low of $58.53 and a fifty-two week high of $207.52. The stock has a fifty day moving average of $179.15 and a 200-day moving average of $155.63.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on PLTR. Northland Securities boosted their price target on shares of Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. DA Davidson increased their price objective on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald increased their price target on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $173.45.

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.