Vicus Capital Acquires 393 Shares of Palantir Technologies Inc. $PLTR

Vicus Capital lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 14.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,182 shares of the company’s stock after buying an additional 393 shares during the period. Vicus Capital’s holdings in Palantir Technologies were worth $434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Naples Global Advisors LLC raised its holdings in Palantir Technologies by 15.2% during the second quarter. Naples Global Advisors LLC now owns 7,575 shares of the company’s stock worth $1,033,000 after acquiring an additional 1,002 shares in the last quarter. Pure Financial Advisors LLC increased its position in shares of Palantir Technologies by 53.9% during the 2nd quarter. Pure Financial Advisors LLC now owns 16,923 shares of the company’s stock worth $2,307,000 after purchasing an additional 5,925 shares during the last quarter. Clarity Financial LLC raised its stake in shares of Palantir Technologies by 23.6% during the 2nd quarter. Clarity Financial LLC now owns 222,019 shares of the company’s stock worth $30,266,000 after purchasing an additional 42,372 shares in the last quarter. Woodward Diversified Capital LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $224,000. Finally, TPG Advisors LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $218,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,591,085 shares of company stock worth $244,676,722. 9.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research note on Monday, September 15th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Bank of America lifted their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, The Goldman Sachs Group upped their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $140.22.

Palantir Technologies Stock Performance

Shares of PLTR opened at $187.05 on Friday. The firm has a market cap of $443.75 billion, a P/E ratio of 623.52, a price-to-earnings-growth ratio of 10.32 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $37.37 and a 52 week high of $190.00. The firm’s 50-day simple moving average is $168.62 and its 200 day simple moving average is $136.02.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data 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 return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’s revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.