Algert Global LLC Buys New Shares in Palantir Technologies Inc. $PLTR

Key Points

• Algert Global LLC has acquired a new stake in Palantir Technologies, purchasing 26,614 shares valued at around $2.246 million during the first quarter.
• The company's stock analysts have set various price targets, with estimates ranging from $155.00 to $200.00, reflecting a general consensus rating of "Hold".
• Palantir Technologies reported earnings of $0.16 EPS for the last quarter, surpassing analysts' expectations and achieving a revenue of $1 billion, up 48% year-over-year.

Algert Global LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 26,614 shares of the company's stock, valued at approximately $2,246,000.

Other institutional investors have also recently bought and sold shares of the company. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the first quarter valued at approximately $25,000. Cornerstone Planning Group LLC grew its holdings in Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares during the period. Richardson Capital Management LLC acquired a new position in Palantir Technologies during the first quarter valued at approximately $33,000. Atlantic Edge Private Wealth Management LLC lifted its position in Palantir Technologies by 45.5% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after buying an additional 125 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its position in Palantir Technologies by 118.5% during the first quarter. CBIZ Investment Advisory Services LLC now owns 413 shares of the company's stock valued at $35,000 after buying an additional 224 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Citigroup reaffirmed a "neutral" rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Mizuho raised shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Trading Up 0.1%

NASDAQ PLTR opened at $156.18 on Friday. The company's fifty day simple moving average is $153.18 and its 200-day simple moving average is $121.39. Palantir Technologies Inc. has a 52 week low of $29.31 and a 52 week high of $190.00. The stock has a market cap of $370.51 billion, a P/E ratio of 520.62, a PEG ratio of 8.79 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results 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 net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same period in the previous year, the company posted $0.09 earnings per share. The business's revenue for the quarter 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. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total value of $111,688.00. Following the sale, the director directly owned 62,887 shares of the company's stock, valued at $8,779,654.07. This represents a 1.26% 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, Director Eric H. Woersching sold 10,214 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the completion of the sale, the director directly owned 2,348 shares in the company, valued at $307,470.60. This represents a 81.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 529,684 shares of company stock valued at $71,900,350. 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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