Relyea Zuckerberg Hanson LLC Buys 707 Shares of Palantir Technologies Inc. $PLTR

Relyea Zuckerberg Hanson LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 18.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,570 shares of the company’s stock after purchasing an additional 707 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Palantir Technologies were worth $623,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PLTR. Belpointe Asset Management LLC raised its holdings in Palantir Technologies by 12.7% in the 2nd quarter. Belpointe Asset Management LLC now owns 73,580 shares of the company’s stock valued at $10,030,000 after acquiring an additional 8,315 shares during the period. Duncan Williams Asset Management LLC boosted its holdings in shares of Palantir Technologies by 43.8% during the second quarter. Duncan Williams Asset Management LLC now owns 4,291 shares of the company’s stock worth $585,000 after acquiring an additional 1,306 shares during the period. Cullinan Associates Inc. grew its position in shares of Palantir Technologies by 5.0% in the second quarter. Cullinan Associates Inc. now owns 4,200 shares of the company’s stock valued at $573,000 after purchasing an additional 200 shares during the last quarter. Petros Family Wealth LLC increased its stake in shares of Palantir Technologies by 41.5% during the second quarter. Petros Family Wealth LLC now owns 4,578 shares of the company’s stock worth $624,000 after purchasing an additional 1,342 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in shares of Palantir Technologies by 4.5% during the second quarter. Valeo Financial Advisors LLC now owns 48,395 shares of the company’s stock worth $6,597,000 after purchasing an additional 2,071 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PLTR. Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and boosted their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $140.22.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the company’s 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 $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock valued at $244,676,722 over the last three months. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $173.07 on Monday. Palantir Technologies Inc. has a 52 week low of $38.78 and a 52 week high of $190.00. The stock has a market capitalization of $410.58 billion, a price-to-earnings ratio of 576.92, a PEG ratio of 9.66 and a beta of 2.60. The stock has a fifty day moving average of $168.90 and a 200-day moving average of $137.33.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS 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.