2,059 Shares in Palantir Technologies Inc. $PLTR Bought by DDFG Inc

DDFG Inc bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,059 shares of the company’s stock, valued at approximately $281,000.

Several other hedge funds have also recently made changes to their positions in the business. Truist Financial Corp grew its stake in shares of Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after buying an additional 21,809 shares during the period. State of Michigan Retirement System grew its stake in shares of Palantir Technologies by 1.3% in the 2nd quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after buying an additional 12,300 shares during the period. Presilium Private Wealth LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $204,000. New Century Financial Group LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $228,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after buying an additional 1,135,841 shares during the period. 45.65% of the stock is owned by institutional investors.

Insider Transactions at Palantir Technologies

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 company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the transaction, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. The trade was a 34.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,527,750 shares of company stock worth $234,463,896. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Down 1.5%

Shares of NASDAQ PLTR opened at $187.90 on Thursday. Palantir Technologies Inc. has a twelve month low of $51.61 and a twelve month high of $207.52. The stock’s 50 day moving average price is $176.97 and its 200-day moving average price is $152.92. The company has a market capitalization of $445.76 billion, a PE ratio of 447.39, a PEG ratio of 10.11 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on PLTR shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Citigroup lifted their price target on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday. Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. DA Davidson lifted their price target on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Cantor Fitzgerald lifted their price target on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $169.44.

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.