Sather Financial Group Inc Takes Position in Palantir Technologies Inc. $PLTR

Sather Financial Group Inc purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,700 shares of the company’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies during the second quarter worth about $2,543,888,000. Nuveen LLC purchased a new position in shares of Palantir Technologies during the first quarter worth about $520,232,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after buying an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after buying an additional 4,221,392 shares during the last quarter. Finally, Amundi boosted its holdings in Palantir Technologies by 56.1% in the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after purchasing an additional 3,815,386 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PLTR. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Bank of America lifted their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $140.22.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $175.44 on Friday. Palantir Technologies Inc. has a 1 year low of $40.36 and a 1 year high of $190.00. The company has a market capitalization of $416.20 billion, a P/E ratio of 584.82, a P/E/G ratio of 9.51 and a beta of 2.60. The business has a 50 day moving average price of $171.32 and a 200 day moving average price of $140.05.

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

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies 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 sale, the insider directly owned 50,961 shares of the company’s stock, valued at $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,714,146 in the last three months. 9.23% of the stock is currently owned by company insiders.

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.