Palantir Technologies Inc. $PLTR Position Boosted by Courier Capital LLC

Courier Capital LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,024 shares of the company’s stock after purchasing an additional 534 shares during the period. Courier Capital LLC’s holdings in Palantir Technologies were worth $1,503,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC grew its stake in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares in the last quarter. GAMMA Investing LLC grew its stake in Palantir Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock valued at $1,912,000 after acquiring an additional 9,810 shares in the last quarter. CX Institutional purchased a new position in Palantir Technologies during the 1st quarter valued at about $62,000. Finally, Ritholtz Wealth Management grew its stake in Palantir Technologies by 96.6% during the 1st quarter. Ritholtz Wealth Management now owns 20,999 shares of the company’s stock valued at $1,772,000 after acquiring an additional 10,318 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In other news, 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 completion of the transaction, the insider directly owned 50,961 shares in the company, valued at $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the transaction, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PLTR shares. Cantor Fitzgerald lifted their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Wedbush set a $200.00 price target on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $141.28.

Palantir Technologies Stock Up 1.4%

Shares of Palantir Technologies stock opened at $179.74 on Wednesday. The stock has a market capitalization of $426.40 billion, a P/E ratio of 599.15, a PEG ratio of 9.61 and a beta of 2.60. The stock has a 50 day moving average price of $171.78 and a two-hundred day moving average price of $141.31. Palantir Technologies Inc. has a 12-month low of $40.36 and a 12-month high of $190.00.

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

About Palantir Technologies

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.