2,835 Shares in Palantir Technologies Inc. $PLTR Acquired by Lokken Investment Group LLC

Lokken Investment Group LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,835 shares of the company's stock, valued at approximately $386,000.

Several other hedge funds also recently added to or reduced their stakes in PLTR. Ignite Planners LLC increased its holdings in Palantir Technologies by 0.4% in the second quarter. Ignite Planners LLC now owns 15,362 shares of the company's stock valued at $2,094,000 after buying an additional 66 shares during the last quarter. Christensen King & Associates Investment Services Inc. grew its holdings in shares of Palantir Technologies by 1.3% during the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock worth $747,000 after purchasing an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Palantir Technologies by 1.0% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock worth $1,007,000 after purchasing an additional 73 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Palantir Technologies by 3.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock worth $329,000 after purchasing an additional 80 shares during the last quarter. Finally, Oxinas Partners Wealth Management LLC grew its holdings in shares of Palantir Technologies by 2.7% during the second quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company's stock worth $410,000 after purchasing an additional 80 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 0.8%

NASDAQ PLTR opened at $183.56 on Thursday. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00. The business's 50-day moving average price is $170.35 and its 200 day moving average price is $138.57. The firm has a market cap of $435.47 billion, a P/E ratio of 611.89, a P/E/G ratio of 9.87 and a beta of 2.60.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PLTR shares. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Palantir Technologies in a report on Wednesday. Mizuho set a $165.00 price target on Palantir Technologies in a report on Monday, September 15th. Finally, Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $140.22.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,714,146 over the last 90 days. Insiders own 9.23% of the company's stock.

Palantir Technologies 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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