Range Financial Group LLC Grows Holdings in Palantir Technologies Inc. $PLTR

Range Financial Group LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,668 shares of the company’s stock after purchasing an additional 765 shares during the period. Palantir Technologies comprises 1.5% of Range Financial Group LLC’s investment portfolio, making the stock its 10th largest holding. Range Financial Group LLC’s holdings in Palantir Technologies were worth $3,772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies during the first quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies during the first quarter worth about $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies during the first quarter worth about $27,000. Richardson Capital Management LLC bought a new stake in shares of Palantir Technologies during the first quarter worth about $33,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after purchasing an additional 185 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR opened at $171.21 on Tuesday. Palantir Technologies Inc. has a 52-week low of $35.56 and a 52-week high of $190.00. The business’s 50 day moving average price is $160.71 and its two-hundred day moving average price is $128.03. The firm has a market cap of $406.17 billion, a PE ratio of 570.72, a price-to-earnings-growth ratio of 9.66 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The company’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. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other news, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,625,634 shares of company stock valued at $248,926,404 over the last three months. 9.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several analyst reports. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Royal Bank Of Canada upped their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Loop Capital upped their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, UBS Group reiterated a “neutral” rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $138.28.

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.