Grimes & Company Inc. Grows Position in Palantir Technologies Inc. $PLTR

Grimes & Company Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,408 shares of the company’s stock after acquiring an additional 322 shares during the quarter. Grimes & Company Inc.’s holdings in Palantir Technologies were worth $465,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC increased its position in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. Miracle Mile Advisors LLC increased its position in shares of Palantir Technologies by 9.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 17,305 shares of the company’s stock valued at $1,461,000 after purchasing an additional 1,531 shares during the last quarter. OLD National Bancorp IN increased its position in shares of Palantir Technologies by 137.1% during the 1st quarter. OLD National Bancorp IN now owns 9,966 shares of the company’s stock valued at $841,000 after purchasing an additional 5,762 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its position in shares of Palantir Technologies by 3.7% during the 1st quarter. Wesbanco Bank Inc. now owns 9,956 shares of the company’s stock valued at $840,000 after purchasing an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Loop Capital increased their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Saturday, September 27th. Cantor Fitzgerald increased their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Bank of America increased their price objective on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $140.22.

Palantir Technologies Price Performance

PLTR opened at $182.17 on Wednesday. The stock’s 50 day simple moving average is $169.85 and its 200 day simple moving average is $138.26. Palantir Technologies Inc. has a 1 year low of $39.01 and a 1 year high of $190.00. The firm has a market cap of $432.17 billion, a price-to-earnings ratio of 607.25, a PEG ratio of 10.02 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data 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. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director owned 62,087 shares in the company, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,591,085 shares of company stock worth $244,714,146. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies 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.