D Orazio & Associates Inc. Buys 595 Shares of Palantir Technologies Inc. $PLTR

D Orazio & Associates Inc. boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,674 shares of the company’s stock after acquiring an additional 595 shares during the period. D Orazio & Associates Inc.’s holdings in Palantir Technologies were worth $910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies during the first quarter worth $25,000. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies during the second quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth about $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies in the 1st quarter worth about $27,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Palantir Technologies in the 2nd quarter worth about $27,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. HSBC upped their target price on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Morgan Stanley increased their price target on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. Royal Bank Of Canada raised their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen raised shares of Palantir Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $172.28.

Insider Buying and Selling

In related news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,527,750 shares of company stock valued at $234,463,896 over the last 90 days. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Stock Down 3.6%

Shares of NASDAQ:PLTR opened at $184.17 on Thursday. The business’s 50 day moving average is $179.73 and its 200 day moving average is $155.83. Palantir Technologies Inc. has a 12-month low of $58.53 and a 12-month high of $207.52. The stock has a market cap of $436.91 billion, a price-to-earnings ratio of 438.51, a PEG ratio of 7.40 and a beta of 2.63.

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

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.