3Chopt Investment Partners LLC Acquires Shares of 2,215 Palantir Technologies Inc. $PLTR

Key Points

• 3Chopt Investment Partners LLC acquired 2,215 shares of Palantir Technologies Inc. (NASDAQ: PLTR) in the 2nd quarter, valued at approximately $302,000.
• Palantir Technologies reported a quarterly revenue of $1 billion, significantly exceeding analysts' expectations of $939.29 million, marking a 48% year-over-year increase.
• Stock analysts have mixed ratings for Palantir, with five rating it as a Buy, fifteen as a Hold, and two as a Sell, highlighting varied market confidence.

3Chopt Investment Partners LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,215 shares of the company's stock, valued at approximately $302,000.

Several other institutional investors have also recently bought and sold shares of the business. Gilliland Jeter Wealth Management LLC bought a new position in Palantir Technologies in the 2nd quarter valued at $309,000. Pinion Investment Advisors LLC raised its position in Palantir Technologies by 5.1% in the 2nd quarter. Pinion Investment Advisors LLC now owns 3,473 shares of the company's stock valued at $473,000 after purchasing an additional 168 shares during the last quarter. WMG Financial Advisors LLC increased its stake in shares of Palantir Technologies by 15.3% in the 2nd quarter. WMG Financial Advisors LLC now owns 3,794 shares of the company's stock valued at $517,000 after buying an additional 503 shares during the period. Stiles Financial Services Inc increased its stake in shares of Palantir Technologies by 17.2% in the 2nd quarter. Stiles Financial Services Inc now owns 3,141 shares of the company's stock valued at $428,000 after buying an additional 461 shares during the period. Finally, McKinley Carter Wealth Services Inc. acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at $234,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 5.4%

Shares of Palantir Technologies stock opened at $175.44 on Friday. Palantir Technologies Inc. has a 12 month low of $40.36 and a 12 month high of $190.00. The business has a fifty day simple moving average of $171.32 and a 200 day simple moving average of $139.72. The stock has a market cap of $416.20 billion, a PE ratio of 584.82, a price-to-earnings-growth ratio of 10.05 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, 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 business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The firm's quarterly 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. Analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PLTR shares. Cantor Fitzgerald lifted their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and lifted their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a research note on Tuesday, August 5th. Finally, Bank of America lifted their target price on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $140.22.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated 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 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. In the last quarter, insiders sold 1,591,085 shares of company stock valued at $244,714,146. Company 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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