Palantir Technologies Inc. $PLTR Shares Purchased by Sachetta LLC

Sachetta LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 90.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,294 shares of the company’s stock after acquiring an additional 2,986 shares during the period. Sachetta LLC’s holdings in Palantir Technologies were worth $858,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PLTR. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies during the first quarter worth $25,000. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth about $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the 1st quarter worth about $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new stake in Palantir Technologies during the second quarter valued at about $31,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

PLTR opened at $179.53 on Tuesday. The company has a market capitalization of $425.91 billion, a PE ratio of 598.45, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $190.00. The business has a 50-day moving average of $169.33 and a 200-day moving average of $137.95.

Palantir Technologies (NASDAQ:PLTR) last released 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 analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,591,085 shares of company stock valued at $244,676,722. Insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent analyst reports. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Loop Capital boosted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $140.22.

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.