Single Point Partners LLC Acquires Shares of 1,880 Palantir Technologies Inc. $PLTR

Single Point Partners LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,880 shares of the company’s stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at approximately $450,000. Bison Wealth LLC raised its holdings in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares during the period. NBC Securities Inc. raised its holdings in shares of Palantir Technologies by 84,775.0% in the first quarter. NBC Securities Inc. now owns 3,395 shares of the company’s stock worth $286,000 after buying an additional 3,391 shares during the period. Beacon Financial Group purchased a new stake in shares of Palantir Technologies in the first quarter worth approximately $284,000. Finally, Cypress Wealth Services LLC purchased a new stake in shares of Palantir Technologies in the first quarter worth approximately $256,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction 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 transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,591,085 shares of company stock worth $244,676,722. Insiders own 9.23% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of several recent analyst reports. Bank of America increased their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Cantor Fitzgerald increased their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. The Goldman Sachs Group increased their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Finally, Loop Capital increased their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and an average price target of $140.22.

Palantir Technologies Stock Down 7.5%

PLTR opened at $173.07 on Friday. The stock’s fifty day moving average is $168.90 and its two-hundred day moving average is $136.63. The company has a market capitalization of $410.58 billion, a P/E ratio of 576.92, a PEG ratio of 10.44 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $38.78 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for 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%.During the same period last year, the business posted $0.09 EPS. Palantir Technologies’s quarterly revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies 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.