A&I Financial Services LLC Purchases Shares of 2,000 Palantir Technologies Inc. $PLTR

Key Points

• A&I Financial Services LLC recently acquired 2,000 shares of Palantir Technologies, valued at approximately $273,000, according to its SEC filing.
• In recent insider trading, Director Lauren Elaina Friedman Stat sold 21,000 shares for about $3.48 million, decreasing her holdings by 25.99%.
• Palantir Technologies reported earnings of $0.16 per share, beating estimates, with revenue increasing by 48% year-over-year, totaling $1 billion.

A&I Financial Services LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,000 shares of the company's stock, valued at approximately $273,000.

Other hedge funds have also modified their holdings of the company. Northern Trust Corp boosted its holdings in Palantir Technologies by 0.3% in the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock valued at $1,650,310,000 after acquiring an additional 64,973 shares during the last quarter. Invesco Ltd. boosted its holdings in Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after acquiring an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock valued at $1,149,055,000 after purchasing an additional 571,544 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock valued at $1,126,408,000 after purchasing an additional 4,748,513 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 21,000 shares of Palantir Technologies stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $165.95, for a total value of $3,484,950.00. Following the sale, the director owned 59,794 shares of the company's stock, valued at $9,922,814.30. This trade represents a 25.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,625,634 shares of company stock valued at $248,926,404 over the last quarter. 9.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent research reports. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and raised their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Bank of America raised their price target on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their target price on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. 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's stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $138.28.

Palantir Technologies Trading Down 1.7%

Shares of NASDAQ:PLTR traded down $3.06 during trading on Monday, hitting $179.33. 45,749,266 shares of the company's stock traded hands, compared to its average volume of 88,975,781. Palantir Technologies Inc. has a 52 week low of $36.05 and a 52 week high of $190.00. The company has a market cap of $425.43 billion, a price-to-earnings ratio of 597.79, a price-to-earnings-growth ratio of 10.28 and a beta of 2.59. The company has a 50-day moving average price of $163.32 and a 200-day moving average price of $130.54.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the previous year, the business posted $0.09 EPS. Palantir Technologies's revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies Company 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.