1,511 Shares in Palantir Technologies Inc. $PLTR Bought by Seros Financial LLC

Key Points

• Seros Financial LLC acquired 1,511 shares of Palantir Technologies, valued at approximately $206,000, during the second quarter, reflecting ongoing interest from institutional investors in the company.
• Palantir Technologies reported a quarterly revenue increase of 48.0% year-over-year, with earnings per share (EPS) of $0.16, exceeding analysts' expectations.
• Analyst ratings for Palantir are mixed, with a consensus rating of "Hold" and a target price of $140.22, alongside notable increases in target prices from firms such as Goldman Sachs and Citigroup.

Seros Financial LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,511 shares of the company's stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLTR. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $450,000. Bison Wealth LLC grew its position 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 in the last quarter. NBC Securities Inc. grew its position in Palantir Technologies by 84,775.0% in the first quarter. NBC Securities Inc. now owns 3,395 shares of the company's stock valued at $286,000 after purchasing an additional 3,391 shares in the last quarter. RFG Advisory LLC grew its position in Palantir Technologies by 74.7% in the first quarter. RFG Advisory LLC now owns 18,107 shares of the company's stock valued at $1,528,000 after purchasing an additional 7,742 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its position in Palantir Technologies by 71.6% in the first quarter. Financial Management Professionals Inc. now owns 932 shares of the company's stock valued at $79,000 after purchasing an additional 389 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on PLTR shares. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research report on Monday, September 15th. Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Citigroup reaffirmed a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Price Performance

Shares of PLTR opened at $187.05 on Friday. The firm has a 50-day moving average of $168.62 and a 200-day moving average of $136.02. Palantir Technologies Inc. has a one year low of $37.37 and a one year high of $190.00. The company has a market cap of $443.75 billion, a PE ratio of 623.52, a price-to-earnings-growth ratio of 10.32 and a beta of 2.60.

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

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the sale, the insider owned 592 shares of the company's stock, valued at approximately $89,611.04. The trade was a 99.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated 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 sale, the insider directly owned 431,169 shares of the company's stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,591,085 shares of company stock worth $244,676,722. Corporate insiders own 9.23% of the company's stock.

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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