2,158 Shares in Palantir Technologies Inc. $PLTR Bought by Aire Advisors LLC

Key Points

• Aire Advisors LLC has acquired a new position in Palantir Technologies, purchasing 2,158 shares valued at approximately $294,000.
• Wall Street analysts have raised their price targets for Palantir Technologies, with Piper Sandler now at $201.00, indicating positive growth expectations for the stock.
• Palantir's recent earnings report showed a 48.0% year-over-year revenue increase with earnings per share of $0.16, surpassing analysts' expectations.

Aire Advisors LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,158 shares of the company's stock, valued at approximately $294,000.

Several other hedge funds have also added to or reduced their stakes in PLTR. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the 1st quarter worth $25,000. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the 1st quarter worth $27,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth $28,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Piper Sandler raised their price objective on Palantir Technologies from $182.00 to $201.00 and gave the stock an "overweight" rating in a research note on Tuesday. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Citigroup reissued a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Finally, Cantor Fitzgerald lifted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $141.28.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $179.62 on Thursday. The stock's 50-day simple moving average is $171.78 and its 200 day simple moving average is $141.58. The company has a market cap of $426.12 billion, a P/E ratio of 598.75, a P/E/G ratio of 9.72 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00.

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

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated 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 directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock valued at $239,713,896 in the last quarter. 9.23% of the stock is currently owned by corporate insiders.

About Palantir Technologies

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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