IAM Advisory LLC Acquires 113 Shares of Palantir Technologies Inc. $PLTR

IAM Advisory LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.1% during the second quarter, HoldingsChannel.com reports. The firm owned 10,356 shares of the company’s stock after acquiring an additional 113 shares during the quarter. IAM Advisory LLC’s holdings in Palantir Technologies were worth $1,412,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after purchasing an additional 1,135,841 shares in the last quarter. Fox Hill Wealth Management boosted its stake in Palantir Technologies by 5.9% in the 2nd quarter. Fox Hill Wealth Management now owns 41,470 shares of the company’s stock worth $5,653,000 after purchasing an additional 2,325 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Palantir Technologies by 15.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company’s stock worth $4,191,000 after purchasing an additional 6,479 shares in the last quarter. Garrison Bradford & Associates Inc. bought a new position in Palantir Technologies in the 1st quarter worth about $45,000. Finally, McAdam LLC boosted its stake in Palantir Technologies by 78.4% in the 1st quarter. McAdam LLC now owns 12,159 shares of the company’s stock worth $1,026,000 after purchasing an additional 5,344 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of analyst reports. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 5th. Royal Bank Of Canada upped their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. UBS Group restated a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Citigroup restated a “neutral” rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Four 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, the stock presently has a consensus rating of “Hold” and an average target price of $138.28.

Insider Activity

In related news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 21,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the completion of the sale, the director directly owned 59,794 shares of the company’s stock, valued at $9,922,814.30. This represents a 25.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,625,634 shares of company stock worth $248,926,404. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Down 0.1%

NASDAQ 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 firm has a market capitalization of $406.17 billion, a P/E ratio of 570.72, a PEG ratio of 9.66 and a beta of 2.59. The company has a 50-day moving average price of $160.71 and a 200-day moving average price of $128.03.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The business’s revenue for the quarter 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 research analysts anticipate 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.