24,894 Shares in Palantir Technologies Inc. $PLTR Bought by Pinkerton Wealth LLC

Key Points

• Pinkerton Wealth LLC initiated a new position of 24,894 shares (~$3.39M) in Palantir during Q2, and institutional investors now own 45.65% of the company.
• Company insiders have sold a total of 1,065,892 shares worth $173.87M over the last three months, leaving insiders with about 12.93% ownership.
• Analysts carry a consensus Hold rating with an average target of $172.28, while Palantir recently beat quarterly EPS expectations and reported revenue up 62.8% year-over-year.

Pinkerton Wealth LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,894 shares of the company's stock, valued at approximately $3,394,000.

Other hedge funds have also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the 2nd quarter valued at approximately $25,000. Briaud Financial Planning Inc bought a new stake in Palantir Technologies during the second quarter valued at about $27,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Palantir Technologies in the second quarter valued at about $28,000. Finally, MTM Investment Management LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at approximately $31,000. Institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research analyst reports. Raymond James Financial reissued a "market perform" rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Daiwa Capital Markets lifted their price target on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, November 6th. Mizuho increased their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a "neutral" rating in a report on Tuesday, November 4th. Weiss Ratings restated a "buy (b)" rating on shares of Palantir Technologies in a research report on Monday, November 17th. Finally, Cantor Fitzgerald lifted their target price on Palantir Technologies from $155.00 to $198.00 and gave the stock a "neutral" rating in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $172.28.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 1,252 shares of the business's stock in a transaction on Monday, November 24th. The stock was sold at an average price of $157.50, for a total transaction of $197,190.00. Following the completion of the transaction, the insider owned 47,044 shares in the company, valued at $7,409,430. The trade was a 2.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 39,136 shares of the company's stock in a transaction on Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $6,115,000.00. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at $92,500. This trade represents a 98.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,065,892 shares of company stock worth $173,869,312 over the last three months. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Trading Down 0.6%

Shares of NASDAQ:PLTR opened at $167.49 on Tuesday. The company has a market cap of $399.20 billion, a price-to-earnings ratio of 398.80, a PEG ratio of 6.53 and a beta of 1.50. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52. The company has a 50-day moving average price of $179.24 and a 200 day moving average price of $160.30.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company's quarterly revenue was up 62.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current 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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