2,313 Shares in Palantir Technologies Inc. $PLTR Purchased by Matrix Asset Advisors Inc. NY

Key Points

• Matrix Asset Advisors Inc. purchased a new position in Palantir Technologies by acquiring 2,313 shares, valued at approximately $315,000, during the second quarter.
• Palantir Technologies insiders have recently sold a total of 1,591,085 shares worth around $244.7 million, marking significant declines in their ownership percentages.
• Analyst ratings for Palantir show a mix of sentiments, with five analysts giving a Buy rating, while the average target price is set at $140.22.

Matrix Asset Advisors Inc. NY bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,313 shares of the company's stock, valued at approximately $315,000.

Other large investors also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the second quarter worth about $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies in the second quarter worth about $31,000. Adirondack Trust Co. grew its stake in shares of Palantir Technologies by 185.0% in the second quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after purchasing an additional 185 shares during the last quarter. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the first quarter worth about $25,000. Finally, JNBA Financial Advisors grew its stake in shares of Palantir Technologies by 200.0% in the second quarter. JNBA Financial Advisors now owns 300 shares of the company's stock worth $41,000 after purchasing an additional 200 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,591,085 shares of company stock worth $244,714,146. Company insiders own 9.23% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on PLTR. The Goldman Sachs Group raised their target price on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research report on Tuesday, August 5th. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a research report on Monday, September 15th. Finally, Citigroup reaffirmed a "neutral" rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Stock Down 5.4%

Shares of PLTR opened at $175.44 on Friday. The business's 50 day moving average price is $171.32 and its 200-day moving average price is $140.05. Palantir Technologies Inc. has a 52 week low of $40.36 and a 52 week high of $190.00. The stock has a market cap of $416.20 billion, a P/E ratio of 584.82, a P/E/G ratio of 9.51 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 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 firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same period in the previous year, the firm posted $0.09 EPS. The business'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. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.