Nemes Rush Group LLC Increases Stock Holdings in Palantir Technologies Inc. $PLTR

Nemes Rush Group LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 134.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,147 shares of the company’s stock after purchasing an additional 15,591 shares during the quarter. Nemes Rush Group LLC’s holdings in Palantir Technologies were worth $3,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth about $450,000. Bison Wealth LLC grew its holdings in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Capstone Wealth Management Group LLC increased its position in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after purchasing an additional 4,722 shares during the last quarter. Tempus Wealth Planning LLC purchased a new position in Palantir Technologies during the first quarter worth approximately $297,000. Finally, Assetmark Inc. boosted its holdings in shares of Palantir Technologies by 775.0% in the 1st quarter. Assetmark Inc. now owns 10,421 shares of the company’s stock valued at $880,000 after purchasing an additional 9,230 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was 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 in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 150,651 shares of company stock worth $23,892,804 in the last 90 days. 9.23% of the stock is owned by insiders.

Palantir Technologies Trading Down 0.6%

Shares of NASDAQ PLTR opened at $154.85 on Friday. The stock has a fifty day moving average price of $180.34 and a 200 day moving average price of $158.19. Palantir Technologies Inc. has a 12-month low of $61.37 and a 12-month high of $207.52. The company has a market cap of $369.08 billion, a P/E ratio of 368.70, a P/E/G ratio of 6.00 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its 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 in the prior year, the business earned $0.10 earnings per share. 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. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Daiwa Capital Markets boosted their price objective on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. The Goldman Sachs Group upped their price target on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, Piper Sandler lifted their price objective on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $172.28.

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.