New Millennium Group LLC Has $1.77 Million Position in Palantir Technologies Inc. $PLTR

New Millennium Group LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 64,960.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,012 shares of the company’s stock after purchasing an additional 12,992 shares during the period. Palantir Technologies makes up 1.0% of New Millennium Group LLC’s portfolio, making the stock its 28th biggest position. New Millennium Group LLC’s holdings in Palantir Technologies were worth $1,774,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Accuvest Global Advisors raised its position in Palantir Technologies by 0.7% in the second quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock worth $1,232,000 after purchasing an additional 63 shares in the last quarter. Ignite Planners LLC lifted its holdings in Palantir Technologies by 0.4% during the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock valued at $2,094,000 after purchasing an additional 66 shares during the last quarter. Christensen King & Associates Investment Services Inc. lifted its holdings in Palantir Technologies by 1.3% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after purchasing an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its holdings 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 worth $1,007,000 after buying an additional 73 shares in the last quarter. Finally, Boomfish Wealth Group LLC increased its holdings in shares of Palantir Technologies by 2.7% during the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock worth $379,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PLTR shares. Royal Bank Of Canada raised their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday. Citigroup raised their price target on shares of Palantir Technologies from $177.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Five equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $168.33.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction that occurred 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 transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. This represents a 34.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Down 7.9%

Shares of NASDAQ PLTR opened at $190.74 on Wednesday. The company’s fifty day moving average is $176.35 and its 200-day moving average is $152.68. The stock has a market cap of $452.50 billion, a price-to-earnings ratio of 454.15, a P/E/G ratio of 11.23 and a beta of 2.63. Palantir Technologies Inc. has a twelve month low of $46.86 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 16.27%. The business’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Palantir Technologies 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.