5,540 Shares in Palantir Technologies Inc. $PLTR Bought by KG&L Capital Management LLC

Key Points

• KG&L Capital Management LLC purchased 5,540 shares of Palantir Technologies, valued at approximately $755,000, in the second quarter.
• Insider Shyam Sankar sold 375,000 shares worth $56.7 million, significantly decreasing their ownership in the company by 34.79%.
• Palantir Technologies reported a 48% increase in revenue year-over-year, with earnings per share (EPS) of $0.16, exceeding consensus estimates.

KG&L Capital Management LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,540 shares of the company's stock, valued at approximately $755,000.

Several other hedge funds also recently bought and sold shares of PLTR. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth $31,000. Adirondack Trust Co. lifted its stake in Palantir Technologies by 185.0% in the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after purchasing an additional 185 shares in the last quarter. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the 1st quarter worth $25,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter worth $27,000. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PLTR. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Bank of America boosted their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, Royal Bank Of Canada upped their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average target price of $140.22.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company'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 transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,634,634 shares of company stock worth $250,524,804 in the last three months. 9.23% of the stock is owned by insiders.

Palantir Technologies Trading Down 0.9%

Shares of NASDAQ PLTR opened at $177.57 on Friday. The stock has a market capitalization of $421.26 billion, a price-to-earnings ratio of 591.92, a P/E/G ratio of 9.91 and a beta of 2.59. Palantir Technologies Inc. has a 12-month low of $36.05 and a 12-month high of $190.00. The firm's 50-day moving average price is $166.16 and its 200-day moving average price is $133.63.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for 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 period in the prior year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.

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