Legal Advantage Investments Inc. Purchases 650 Shares of Palantir Technologies Inc. $PLTR

Legal Advantage Investments Inc. increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,450 shares of the company’s stock after acquiring an additional 650 shares during the period. Palantir Technologies makes up about 2.9% of Legal Advantage Investments Inc.’s investment portfolio, making the stock its 8th biggest position. Legal Advantage Investments Inc.’s holdings in Palantir Technologies were worth $6,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new stake in Palantir Technologies during the 2nd quarter valued at $2,543,888,000. Nuveen LLC acquired a new stake in Palantir Technologies during the 1st quarter valued at $520,232,000. Price T Rowe Associates Inc. MD grew its holdings in Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after buying an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after buying an additional 4,221,392 shares during the last quarter. Finally, Amundi grew its holdings in Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after buying an additional 3,815,386 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 5.4%

PLTR stock opened at $175.44 on Friday. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00. The stock’s fifty day simple moving average is $171.32 and its 200-day simple moving average is $140.05. The stock has a market capitalization of $416.20 billion, a price-to-earnings ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s 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, analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PLTR. Royal Bank Of Canada increased their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. Finally, Loop Capital increased their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $140.22.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction 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 transaction, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. 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 $244,714,146. 9.23% of the stock is currently 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.