PFG Investments LLC Increases Stake in Palantir Technologies Inc. $PLTR

PFG Investments LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,785 shares of the company’s stock after acquiring an additional 9,179 shares during the quarter. Palantir Technologies comprises approximately 0.9% of PFG Investments LLC’s holdings, making the stock its 15th biggest position. PFG Investments LLC’s holdings in Palantir Technologies were worth $14,693,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies during the first quarter valued at about $25,000. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies in the first quarter worth about $27,000. 1248 Management LLC purchased a new position in Palantir Technologies in the first quarter worth about $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 2.0%

Shares of PLTR opened at $182.42 on Wednesday. The firm has a market capitalization of $432.76 billion, a P/E ratio of 608.09, a P/E/G ratio of 9.98 and a beta of 2.59. Palantir Technologies Inc. has a 12-month low of $36.05 and a 12-month high of $190.00. The firm has a 50-day moving average price of $167.37 and a 200 day moving average price of $134.98.

Palantir Technologies (NASDAQ:PLTR) last announced 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. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the firm posted $0.09 earnings per share. Palantir Technologies’s revenue was up 48.0% compared to the same quarter last year. 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 fiscal year.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider 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 disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,676,722 over the last three months. Company insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on PLTR. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Cantor Fitzgerald upped their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and upped their price objective for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $140.22.

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.