2,000 Shares in Palantir Technologies Inc. $PLTR Bought by Argyle Capital Management LLC

Key Points

• Argyle Capital Management LLC acquired a new position in Palantir Technologies, purchasing 2,000 shares valued at approximately $273,000.
• Several other institutional investors have also entered or increased their positions in Palantir, leading to institutional ownership of 45.65% of the company's stock.
• Palantir Technologies reported a revenue of $1 billion for the latest quarter, exceeding analysts' estimates and marking a 48.0% year-over-year increase in revenue.

Argyle Capital Management LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,000 shares of the company's stock, valued at approximately $273,000.

Several other institutional investors have also modified their holdings of PLTR. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies during the fourth quarter worth about $450,000. Bison Wealth LLC grew its position in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after acquiring an additional 4,667 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Palantir Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company's stock worth $1,912,000 after acquiring an additional 9,810 shares during the last quarter. Simplicity Wealth LLC bought a new position in shares of Palantir Technologies during the first quarter worth about $673,000. Finally, Sanibel Captiva Trust Company Inc. bought a new position in shares of Palantir Technologies during the first quarter worth about $469,000. Institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on PLTR shares. Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group increased 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. Loop Capital increased their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $140.22.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 2nd. The shares were 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. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock worth $244,714,146 over the last ninety days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $185.47 on Friday. The company has a 50 day moving average price of $170.89 and a 200 day moving average price of $139.18. Palantir Technologies Inc. has a 52 week low of $40.36 and a 52 week high of $190.00. The firm has a market capitalization of $440.00 billion, a price-to-earnings ratio of 618.25, a P/E/G ratio of 9.95 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the previous year, the company 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. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share 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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