Palantir Technologies Inc. $PLTR Shares Bought by Clear Investment Research LLC

Clear Investment Research LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 47.2% during the second quarter, HoldingsChannel reports. The firm owned 2,071 shares of the company’s stock after buying an additional 664 shares during the period. Clear Investment Research LLC’s holdings in Palantir Technologies were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Creekmur Asset Management LLC lifted its stake in shares of Palantir Technologies by 79.6% during the second quarter. Creekmur Asset Management LLC now owns 20,905 shares of the company’s stock worth $2,850,000 after purchasing an additional 9,263 shares in the last quarter. Kovack Advisors Inc. lifted its stake in shares of Palantir Technologies by 24.6% during the second quarter. Kovack Advisors Inc. now owns 43,086 shares of the company’s stock worth $5,873,000 after purchasing an additional 8,508 shares in the last quarter. Terril Brothers Inc. lifted its stake in shares of Palantir Technologies by 13.5% during the second quarter. Terril Brothers Inc. now owns 4,543 shares of the company’s stock worth $619,000 after purchasing an additional 540 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Palantir Technologies by 5.1% during the second quarter. Pinnacle Associates Ltd. now owns 40,830 shares of the company’s stock worth $5,566,000 after purchasing an additional 1,993 shares in the last quarter. Finally, Amplius Wealth Advisors LLC acquired a new position in shares of Palantir Technologies during the second quarter worth about $429,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

PLTR opened at $194.55 on Friday. The company has a 50-day moving average of $173.92 and a 200-day moving average of $149.67. The company has a market capitalization of $461.54 billion, a P/E ratio of 648.52, a PEG ratio of 10.78 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $199.85.

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

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. This represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the business’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 sale, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

PLTR has been the topic of several analyst reports. Bank of America lifted their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Piper Sandler lifted their price target on shares of Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. UBS Group reaffirmed 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and increased their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus price target of $142.00.

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.