Raleigh Capital Management Inc. Grows Position in Palantir Technologies Inc. $PLTR

Raleigh Capital Management Inc. lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 19.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,852 shares of the company’s stock after purchasing an additional 467 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Palantir Technologies were worth $389,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Spartan Planning & Wealth Management acquired a new position in Palantir Technologies during the second quarter valued at approximately $628,000. Janney Montgomery Scott LLC increased its position in shares of Palantir Technologies by 4.5% in the second quarter. Janney Montgomery Scott LLC now owns 411,802 shares of the company’s stock worth $56,137,000 after acquiring an additional 17,747 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Palantir Technologies by 21.8% in the 2nd quarter. Wolff Wiese Magana LLC now owns 480 shares of the company’s stock valued at $65,000 after acquiring an additional 86 shares during the period. Covenant Asset Management LLC raised its stake in shares of Palantir Technologies by 228.1% in the 2nd quarter. Covenant Asset Management LLC now owns 13,155 shares of the company’s stock valued at $1,793,000 after acquiring an additional 9,146 shares during the period. Finally, Moss Adams Wealth Advisors LLC lifted its holdings in shares of Palantir Technologies by 16.5% during the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 7,562 shares of the company’s stock valued at $1,031,000 after acquiring an additional 1,071 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLTR shares. Mizuho set a $165.00 price target on Palantir Technologies in a report on Monday, September 15th. Royal Bank Of Canada upped their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. Citigroup reissued a “neutral” rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Four 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 stock presently has an average rating of “Hold” and a consensus target price of $140.22.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $182.42 on Wednesday. The stock has a market cap of $432.76 billion, a price-to-earnings ratio of 608.09, a price-to-earnings-growth ratio of 9.98 and a beta of 2.59. Palantir Technologies Inc. has a one year low of $36.05 and a one year high of $190.00. The business’s 50-day simple moving average is $167.37 and its 200 day simple moving average is $134.98.

Palantir Technologies (NASDAQ:PLTR) last posted 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 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%.Palantir Technologies’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the transaction, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies 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 transaction, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock valued at $244,676,722 over the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

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.