1,779 Shares in Palantir Technologies Inc. $PLTR Purchased by Sage Rhino Capital LLC

Key Points

• Sage Rhino Capital LLC acquired 1,779 shares of Palantir Technologies Inc. valued at approximately $242,000 during the second quarter.
• Palantir Technologies reported earnings per share of $0.16 for the last quarter, exceeding analyst expectations of $0.14, with revenue rising to $1 billion.
• Deutsche Bank upgraded Palantir's stock from a "sell" to a "hold" rating and raised its price target from $80.00 to $160.00.

Sage Rhino Capital LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,779 shares of the company's stock, valued at approximately $242,000.

A number of other institutional investors also recently made changes to their positions in PLTR. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth about $2,543,888,000. Nuveen LLC bought a new position in Palantir Technologies in the first quarter worth $520,232,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after buying an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Finally, Amundi raised its holdings in shares of Palantir Technologies by 56.1% in the first quarter. Amundi now owns 10,620,301 shares of the company's stock valued at $887,857,000 after buying an additional 3,815,386 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Down 0.9%

PLTR opened at $177.57 on Friday. The company has a market capitalization of $421.26 billion, a price-to-earnings ratio of 591.92, a PEG ratio of 9.91 and a beta of 2.59. The business's fifty day simple moving average is $166.16 and its 200-day simple moving average is $133.63. Palantir Technologies Inc. has a 12-month low of $36.05 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PLTR shares. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and increased their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Finally, Citigroup reiterated a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four research 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. Based on data from MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus price target of $140.22.

Insider Activity at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, the insider directly owned 50,961 shares of the company's stock, valued at approximately $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock worth $250,524,804 over the last quarter. 9.23% of the stock is currently owned by insiders.

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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