126,691 Shares in Palantir Technologies Inc. $PLTR Purchased by Aragon Global Management LP

Key Points

• Aragon Global Management LP acquired 126,691 shares of Palantir Technologies, valued at approximately $10.7 million, making it the 11th largest holding in their portfolio.
• Insiders, including Ryan D. Taylor and Shyam Sankar, sold a combined total of over 39,000 shares recently, leading to a notable decrease in their ownership stakes.
• Analysts have raised their price targets for Palantir, with prices ranging from $155 to $180, indicating a generally optimistic outlook on the stock despite its average rating of "Hold."

Aragon Global Management LP purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 126,691 shares of the company's stock, valued at approximately $10,693,000. Palantir Technologies makes up about 4.1% of Aragon Global Management LP's investment portfolio, making the stock its 11th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares in the last quarter. Richardson Capital Management LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $33,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 45.5% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 9,211 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $1,434,613.25. Following the completion of the sale, the insider owned 343,518 shares of the company's stock, valued at $53,502,928.50. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,906,783 shares of company stock valued at $282,471,442. 9.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and upped their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Citigroup reissued a "neutral" rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Loop Capital upped their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average target price of $136.61.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $158.12 on Friday. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The company has a 50 day moving average price of $155.07 and a 200 day moving average price of $123.10. The firm has a market capitalization of $375.11 billion, a price-to-earnings ratio of 527.08, a price-to-earnings-growth ratio of 8.83 and a beta of 2.60.

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

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