Addison Capital Co Purchases 1,734 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Addison Capital Co increased its stock holdings in Palantir Technologies by 37.2% in the first quarter, owning a total of 6,394 shares worth $540,000.
• Several large investors, including Northern Trust Corp and Goldman Sachs Group Inc., also raised their stakes in Palantir Technologies, reflecting a growing interest in the company.
• Palantir's stock has shown strong performance, reporting $1 billion in revenue for the last quarter, up 48.0% compared to the previous year, and beating earnings expectations.

Addison Capital Co lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 37.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,394 shares of the company's stock after buying an additional 1,734 shares during the quarter. Addison Capital Co's holdings in Palantir Technologies were worth $540,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PLTR. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies during the first 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 acquired a new stake in shares of Palantir Technologies during the first quarter worth $27,000. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth $33,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after buying an additional 185 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded up $7.07 during trading hours on Friday, reaching $171.43. The company's stock had a trading volume of 54,323,535 shares, compared to its average volume of 75,542,352. Palantir Technologies Inc. has a one year low of $34.89 and a one year high of $190.00. The company has a market capitalization of $406.69 billion, a P/E ratio of 571.45, a P/E/G ratio of 9.26 and a beta of 2.59. The stock's fifty day simple moving average is $160.07 and its two-hundred day simple moving average is $126.87.

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, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $939.29 million. During the same period last year, the firm earned $0.09 earnings per share. The business'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. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the firm'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 $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,604,634 shares of company stock valued at $245,441,454. Corporate insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PLTR shares. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. UBS Group reissued a "neutral" rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital increased their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $136.61.

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.