Enterprise Financial Services Corp Buys New Stake in Palantir Technologies Inc. $PLTR

Enterprise Financial Services Corp bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,313 shares of the company’s stock, valued at approximately $315,000.

Other hedge funds also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $27,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies during the second quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies in the second quarter valued at approximately $27,000. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on 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 transaction, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 150,651 shares of company stock worth $23,892,804 over the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PLTR shares. UBS Group boosted their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Daiwa Capital Markets raised their price target on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Robert W. Baird upped their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. CICC Research increased their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Finally, Cantor Fitzgerald boosted 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, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $154.85 on Friday. The firm has a market cap of $369.08 billion, a P/E ratio of 368.70, a price-to-earnings-growth ratio of 6.00 and a beta of 2.63. The firm’s 50-day simple moving average is $180.34 and its 200-day simple moving average is $158.19. Palantir Technologies Inc. has a twelve month low of $61.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 62.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. 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.

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.