Hudock Inc. Makes New $259,000 Investment in Palantir Technologies Inc. $PLTR

Hudock Inc. acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,899 shares of the company’s stock, valued at approximately $259,000.

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

Palantir Technologies Trading Down 3.6%

NASDAQ:PLTR opened at $184.17 on Thursday. The firm has a 50-day moving average price of $179.73 and a two-hundred day moving average price of $155.83. Palantir Technologies Inc. has a twelve month low of $58.53 and a twelve month high of $207.52. The company has a market capitalization of $436.91 billion, a P/E ratio of 438.51, a price-to-earnings-growth 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 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.10 earnings per share. Palantir Technologies’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. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s 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 completion of the transaction, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. This represents a 5.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,527,750 shares of company stock valued at $234,463,896. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PLTR. Robert W. Baird increased their price objective on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. UBS Group increased their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. CICC Research lifted their price objective on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday. Daiwa Capital Markets raised their price target on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Bank of America upped their price objective on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $172.28.

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.