Optima Capital LLC Grows Stock Holdings in Palantir Technologies Inc. $PLTR

Optima Capital LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,626 shares of the company’s stock after buying an additional 81 shares during the quarter. Optima Capital LLC’s holdings in Palantir Technologies were worth $1,066,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at about $450,000. Bison Wealth LLC increased its holdings in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Palantir Technologies by 120.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,583 shares of the company’s stock valued at $1,254,000 after acquiring an additional 9,052 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Palantir Technologies by 6.8% during the fourth quarter. Nuveen Asset Management LLC now owns 5,219,689 shares of the company’s stock valued at $394,765,000 after acquiring an additional 332,546 shares in the last quarter. Finally, NorthRock Partners LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at about $2,035,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated 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 sale, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was 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 in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,604,634 shares of company stock valued at $245,441,454. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Down 1.4%

Shares of NASDAQ:PLTR opened at $164.36 on Friday. Palantir Technologies Inc. has a 52-week low of $34.53 and a 52-week high of $190.00. The stock has a market cap of $389.92 billion, a price-to-earnings ratio of 547.88, a PEG ratio of 9.40 and a beta of 2.59. The business has a 50-day moving average price of $159.32 and a 200-day moving average price of $126.29.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $939.29 million. During the same quarter in the prior year, the business 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. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PLTR shares. Royal Bank Of Canada upped their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. UBS Group restated a “neutral” rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a research note 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 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $136.61.

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.