Sunpointe LLC Grows Stock Holdings in Palantir Technologies Inc. $PLTR

Sunpointe LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,865 shares of the company’s stock after buying an additional 211 shares during the quarter. Sunpointe LLC’s holdings in Palantir Technologies were worth $527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after purchasing an additional 185 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction on 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 transaction, the insider owned 431,169 shares of the company’s stock, 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. Insiders have sold a total of 1,625,634 shares of company stock valued at $248,926,404 in the last three months. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PLTR shares. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Bank of America boosted their price objective on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $138.28.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $170.26 on Wednesday. Palantir Technologies Inc. has a 12 month low of $35.71 and a 12 month high of $190.00. The business has a 50 day simple moving average of $161.32 and a 200-day simple moving average of $128.32. The stock has a market capitalization of $403.91 billion, a PE ratio of 567.55, a price-to-earnings-growth ratio of 9.65 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company’s quarterly 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 research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS 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.