111 Capital Has $3.77 Million Position in Palantir Technologies Inc. $PLTR

Key Points

• 111 Capital has increased its holdings in Palantir Technologies by 130.2% in the second quarter, bringing their total investment to approximately $3.77 million.
• Recent analyst reports show positive sentiment, with Bank of America raising its price target for Palantir from $180 to $215 and five analysts giving the stock a "Buy" rating.
• Insider trading activity has seen significant sales, with insiders selling 1,591,085 shares valued at about $244.7 million over the past ninety days.

111 Capital increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 130.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,649 shares of the company's stock after purchasing an additional 15,637 shares during the period. Palantir Technologies makes up 0.6% of 111 Capital's portfolio, making the stock its 26th biggest position. 111 Capital's holdings in Palantir Technologies were worth $3,769,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. grew its stake in Palantir Technologies by 11.1% during the second quarter. Ameriflex Group Inc. now owns 22,403 shares of the company's stock worth $3,232,000 after buying an additional 2,233 shares during the last quarter. Single Point Partners LLC bought a new stake in Palantir Technologies during the second quarter worth about $256,000. Life Planning Partners Inc bought a new stake in Palantir Technologies during the second quarter worth about $300,000. Fortis Capital Advisors LLC grew its stake in Palantir Technologies by 16.6% during the second quarter. Fortis Capital Advisors LLC now owns 54,077 shares of the company's stock worth $7,372,000 after buying an additional 7,684 shares during the last quarter. Finally, Precedent Wealth Partners LLC bought a new stake in Palantir Technologies during the second quarter worth about $368,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research analyst reports. Bank of America increased their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada raised their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $140.22.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of Palantir Technologies stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the completion of the sale, the director owned 50,794 shares in the company, valued at $9,021,014.40. The trade was a 15.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock worth $244,676,722 in the last ninety days. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Down 7.5%

Shares of NASDAQ PLTR opened at $173.07 on Friday. The company's fifty day moving average is $168.90 and its 200-day moving average is $136.63. The stock has a market cap of $410.58 billion, a price-to-earnings ratio of 576.92, a P/E/G ratio of 10.44 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $38.78 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business's quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.

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