Kane Investment Management Inc. Takes $385,000 Position in Palantir Technologies Inc. $PLTR

Kane Investment Management Inc. acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,767 shares of the company’s stock, valued at approximately $385,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies during the 2nd quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth $28,000. Finally, Family Legacy Financial Solutions LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter worth $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PLTR shares. Piper Sandler boosted their price objective on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. HSBC raised their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. CICC Research upped their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday. Daiwa Capital Markets boosted their price target on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Finally, Northland Securities raised their price objective on Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $172.28.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $174.01 on Friday. Palantir Technologies Inc. has a twelve month low of $58.85 and a twelve month high of $207.52. The firm has a market cap of $414.74 billion, a P/E ratio of 414.32, a price-to-earnings-growth ratio of 6.67 and a beta of 2.63. The firm’s 50-day simple moving average is $180.47 and its 200-day simple moving average is $156.35.

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

Insider Buying and Selling

In related news, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,527,750 shares of company stock worth $234,463,896. 9.23% of the stock is owned by company 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.