Ameriflex Group Inc. Buys 2,233 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Ameriflex Group Inc. increased its stake in Palantir Technologies by 11.1%, acquiring an additional 2,233 shares during the 2nd quarter, bringing its total to 22,403 shares.
• Palantir Technologies has received various analyst upgrades, with price targets ranging from $155.00 to $200.00, reflecting a generally positive outlook.
• Insiders have sold 1,591,085 shares of Palantir stock in the last quarter, valued at approximately $244.68 million, indicating significant insider activity during this period.

Ameriflex Group Inc. increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,403 shares of the company's stock after acquiring an additional 2,233 shares during the quarter. Palantir Technologies comprises approximately 1.7% of Ameriflex Group Inc.'s portfolio, making the stock its 6th largest holding. Ameriflex Group Inc.'s holdings in Palantir Technologies were worth $3,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northern Trust Corp raised its stake in Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock worth $1,650,310,000 after acquiring an additional 64,973 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Palantir Technologies during the 2nd quarter worth $2,543,888,000. Invesco Ltd. grew its position in Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Palantir Technologies by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock worth $1,149,055,000 after purchasing an additional 571,544 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PLTR shares. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 5th. 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. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price objective for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Finally, Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus price target of $140.22.

Insider Activity

In related news, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider owned 702,786 shares of the company's stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the sale, the director directly owned 50,794 shares in the company, valued at approximately $9,021,014.40. This represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,676,722 in the last quarter. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Down 7.5%

Shares of NASDAQ:PLTR opened at $173.07 on Friday. The company has a market cap of $410.58 billion, a price-to-earnings ratio of 576.92, a PEG ratio of 10.44 and a beta of 2.60. The firm's 50-day simple moving average is $168.90 and its 200-day simple moving average is $136.63. Palantir Technologies Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results 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. The business 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 business's quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current 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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