2,930 Shares in Palantir Technologies Inc. $PLTR Bought by Sigma Investment Counselors Inc.

Key Points

• Sigma Investment Counselors Inc. acquired 2,930 shares of Palantir Technologies ($PLTR) worth approximately $399,000 in Q2.
• Palantir Technologies reported a net margin of 22.18% and a revenue increase of 48% year-over-year, with earnings per share of $0.16, surpassing expectations.
• Analysts have varied ratings on Palantir, with five giving it a "Buy," fifteen a "Hold," and two a "Sell," reflecting a consensus rating of "Hold" with a price target of $141.28.

Sigma Investment Counselors Inc. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,930 shares of the company's stock, valued at approximately $399,000.

A number of other hedge funds also recently modified their holdings of PLTR. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies during the second quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth $27,000. 1248 Management LLC bought a new stake in Palantir Technologies in the 1st quarter valued at $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in Palantir Technologies in the 2nd quarter worth $28,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on PLTR. 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. Royal Bank Of Canada lifted their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and upped their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Finally, Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $141.28.

Palantir Technologies Trading Up 0.0%

Shares of PLTR opened at $178.15 on Friday. The company's fifty day simple moving average is $171.52 and its 200 day simple moving average is $143.25. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00. The company has a market cap of $422.63 billion, a price-to-earnings ratio of 593.85, a PEG ratio of 9.66 and a beta of 2.60.

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

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the sale, the insider owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies 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 transaction, the insider owned 431,169 shares of the company's stock, valued at $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 quarter, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. 9.23% of the stock is owned by 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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

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.