Relyea Zuckerberg Hanson LLC Has $623,000 Holdings in Palantir Technologies Inc. $PLTR

Relyea Zuckerberg Hanson LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,570 shares of the company’s stock after purchasing an additional 707 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Palantir Technologies were worth $623,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new position in Palantir Technologies during the fourth quarter worth $450,000. Bison Wealth LLC boosted its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares during the last quarter. NBC Securities Inc. grew its holdings in Palantir Technologies by 84,775.0% during the 1st quarter. NBC Securities Inc. now owns 3,395 shares of the company’s stock worth $286,000 after acquiring an additional 3,391 shares during the period. Vest Financial LLC grew its holdings in Palantir Technologies by 73.5% during the 1st quarter. Vest Financial LLC now owns 20,943 shares of the company’s stock worth $1,768,000 after acquiring an additional 8,873 shares during the period. Finally, Sovereign Financial Group Inc. raised its position in shares of Palantir Technologies by 10.0% in the 1st quarter. Sovereign Financial Group Inc. now owns 3,427 shares of the company’s stock worth $289,000 after acquiring an additional 312 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $173.07 on Monday. The firm has a market cap of $410.58 billion, a PE ratio of 576.92, a P/E/G ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $38.78 and a 1 year high of $190.00. The stock has a fifty day moving average price of $168.90 and a 200-day moving average price of $137.33.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share 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 company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the firm earned $0.09 EPS. The firm’s quarterly 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 anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on PLTR. Cantor Fitzgerald upped their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $140.22.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,591,085 shares of company stock worth $244,676,722. 12.93% of the stock is owned by insiders.

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.