Palantir Technologies Inc. $PLTR Shares Acquired by Clarity Financial LLC

Clarity Financial LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 23.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 222,019 shares of the company’s stock after acquiring an additional 42,372 shares during the quarter. Palantir Technologies comprises about 3.3% of Clarity Financial LLC’s portfolio, making the stock its 9th biggest holding. Clarity Financial LLC’s holdings in Palantir Technologies were worth $30,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of 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 valued at $984,786,000 after purchasing an additional 1,135,841 shares during the period. Golden State Equity Partners increased its holdings in Palantir Technologies by 10.1% in the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company’s stock worth $2,503,000 after acquiring an additional 1,677 shares in the last quarter. FMB Wealth Management purchased a new stake in Palantir Technologies in the 2nd quarter worth $223,000. Hummer Financial Advisory Services Inc purchased a new stake in Palantir Technologies in the 2nd quarter worth $225,000. Finally, Bank of New Hampshire increased its holdings in Palantir Technologies by 11.4% in the 2nd quarter. Bank of New Hampshire now owns 19,842 shares of the company’s stock worth $2,705,000 after acquiring an additional 2,023 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 1.4%

Palantir Technologies stock opened at $184.95 on Thursday. Palantir Technologies Inc. has a 52-week low of $36.15 and a 52-week high of $190.00. The firm has a market capitalization of $438.76 billion, a price-to-earnings ratio of 616.52, a PEG ratio of 10.18 and a beta of 2.60. The company has a fifty day simple moving average of $167.97 and a 200-day simple moving average of $135.33.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business 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 earnings per share. The company’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. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Bank of America boosted their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada boosted their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price target for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Mizuho set a $165.00 price target on shares of Palantir Technologies in a report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $140.22.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $89,611.04. The trade was a 99.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,591,085 shares of company stock worth $244,676,722. Insiders own 9.23% of the company’s stock.

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.