Phoenix Financial Ltd. Buys New Shares in Palantir Technologies Inc. $PLTR

Phoenix Financial Ltd. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 17,468 shares of the company’s stock, valued at approximately $2,380,000.

Several other hedge funds have also modified their holdings of the company. Mechanics Financial Corp purchased a new position in Palantir Technologies in the 1st quarter valued at about $25,000. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $28,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLTR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their target price for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research report on Monday, September 15th. Piper Sandler boosted their target price on shares of Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $141.28.

Palantir Technologies Stock Performance

Shares of PLTR opened at $181.51 on Wednesday. The company has a market capitalization of $430.60 billion, a price-to-earnings ratio of 605.05, a PEG ratio of 9.84 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00. The company’s 50 day simple moving average is $171.39 and its 200 day simple moving average is $144.68.

Palantir Technologies (NASDAQ:PLTR) last posted 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. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Friday, October 3rd. The shares were 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 of the company’s stock, valued at $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares of the company’s stock, 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. Over the last ninety days, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Company 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.