1,880 Shares in Palantir Technologies Inc. $PLTR Bought by Single Point Partners LLC

Single Point Partners LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, HoldingsChannel reports. The firm bought 1,880 shares of the company’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Life Planning Partners Inc purchased a new position in Palantir Technologies during the 2nd quarter worth $300,000. Fortis Capital Advisors LLC boosted its stake in Palantir Technologies by 16.6% in the 2nd quarter. Fortis Capital Advisors LLC now owns 54,077 shares of the company’s stock worth $7,372,000 after purchasing an additional 7,684 shares in the last quarter. Precedent Wealth Partners LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth approximately $368,000. Washington Growth Strategies LLC boosted its stake in Palantir Technologies by 3,171.4% in the 2nd quarter. Washington Growth Strategies LLC now owns 2,748 shares of the company’s stock worth $375,000 after purchasing an additional 2,664 shares in the last quarter. Finally, Curran Financial Partners LLC boosted its stake in Palantir Technologies by 43.5% in the 2nd quarter. Curran Financial Partners LLC now owns 3,856 shares of the company’s stock worth $526,000 after purchasing an additional 1,169 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Saturday, September 27th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald boosted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada boosted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.22.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 81,000 shares of the business’s 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. The trade was a 15.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,591,085 shares of company stock worth $244,676,722. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Stock Down 7.5%

Shares of PLTR stock opened at $173.07 on Friday. The stock has a market cap of $410.58 billion, a PE ratio of 576.92, a price-to-earnings-growth ratio of 10.44 and a beta of 2.60. The business has a 50-day simple moving average of $168.90 and a 200-day simple moving average of $136.63. Palantir Technologies Inc. has a 52-week low of $38.78 and a 52-week high of $190.00.

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, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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.