Palantir Technologies Inc. $PLTR Shares Purchased by Quent Capital LLC

Quent Capital LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 17.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,709 shares of the company’s stock after acquiring an additional 866 shares during the quarter. Quent Capital LLC’s holdings in Palantir Technologies were worth $778,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the first quarter worth approximately $25,000. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the first quarter worth approximately $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the first quarter worth approximately $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new stake in Palantir Technologies during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction on 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,591,085 shares of company stock worth $244,676,722. Corporate insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Loop Capital lifted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Trading Down 7.5%

NASDAQ:PLTR opened at $173.07 on Friday. The firm has a market capitalization of $410.58 billion, a price-to-earnings ratio of 576.92, a PEG ratio of 10.44 and a beta of 2.60. The firm’s fifty day simple moving average is $168.90 and its 200 day simple moving average is $136.63. Palantir Technologies Inc. has a twelve month low of $38.78 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current 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.