American Financial Advisors LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,729 shares of the company's stock, valued at approximately $372,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Palantir Technologies by 10.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock worth $984,786,000 after acquiring an additional 1,135,841 shares during the last quarter. Hummer Financial Advisory Services Inc bought a new position in shares of Palantir Technologies in the second quarter worth about $225,000. Fox Hill Wealth Management lifted its holdings in shares of Palantir Technologies by 5.9% in the second quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock worth $5,653,000 after acquiring an additional 2,325 shares during the last quarter. Bank of New Hampshire lifted its holdings in shares of Palantir Technologies by 11.4% in the second quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock worth $2,705,000 after acquiring an additional 2,023 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock worth $4,191,000 after acquiring an additional 6,479 shares during the last quarter. Institutional investors own 45.65% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on PLTR shares. Citigroup reissued a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $138.28.
Get Our Latest Stock Analysis on Palantir Technologies
Insider Activity
In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 375,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,625,634 shares of company stock worth $248,926,404. 9.23% of the stock is owned by insiders.
Palantir Technologies Stock Up 5.1%
Palantir Technologies stock traded up $8.64 during mid-day trading on Thursday, hitting $176.97. 70,565,358 shares of the stock were exchanged, compared to its average volume of 61,669,568. Palantir Technologies Inc. has a 12 month low of $35.71 and a 12 month high of $190.00. The firm's fifty day simple moving average is $162.51 and its two-hundred day simple moving average is $129.24. The stock has a market capitalization of $419.83 billion, a price-to-earnings ratio of 589.92, a PEG ratio of 9.49 and a beta of 2.59.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the business earned $0.09 EPS. The company's revenue 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. As a group, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.
Palantir Technologies Profile
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Free Report)
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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