Bank Hapoalim BM Boosts Stake in Palantir Technologies Inc. $PLTR

Bank Hapoalim BM raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,883 shares of the company’s stock after buying an additional 190 shares during the period. Bank Hapoalim BM’s holdings in Palantir Technologies were worth $393,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC increased its stake in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares during the last quarter. NBC Securities Inc. increased its stake in Palantir Technologies by 84,775.0% in the 1st quarter. NBC Securities Inc. now owns 3,395 shares of the company’s stock valued at $286,000 after buying an additional 3,391 shares during the last quarter. Beacon Financial Group purchased a new stake in Palantir Technologies in the 1st quarter valued at about $284,000. Finally, Cypress Wealth Services LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at about $256,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 7.5%

PLTR opened at $173.07 on Friday. The company has a 50 day moving average of $168.90 and a 200 day moving average of $136.63. The company 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. Palantir Technologies Inc. has a 12 month low of $38.78 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were 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 directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $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 1,591,085 shares of company stock worth $244,676,722 in the last 90 days. 9.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on PLTR. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Saturday, September 27th. Citigroup restated a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $140.22.

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.