Aptus Capital Advisors LLC Has $4.19 Million Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Aptus Capital Advisors LLC increased its holdings in Palantir Technologies by 3.9% during the first quarter, owning 49,594 shares valued at approximately $4.19 million.
• Palantir Technologies reported a 48% increase in revenue year-over-year, with quarterly earnings per share (EPS) of $0.16, exceeding estimates.
• Institutional investors own 45.65% of Palantir’s stock, with significant stake increases from firms like Goldman Sachs and Northern Trust.

Aptus Capital Advisors LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,594 shares of the company's stock after acquiring an additional 1,858 shares during the quarter. Aptus Capital Advisors LLC's holdings in Palantir Technologies were worth $4,186,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PLTR. Nuveen LLC acquired a new position in Palantir Technologies in the 1st quarter valued at approximately $520,232,000. Goldman Sachs Group Inc. increased its stake in 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 buying an additional 4,221,392 shares during the period. Northern Trust Corp increased its stake in Palantir Technologies by 20.4% in the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after buying an additional 3,299,779 shares during the period. Invesco Ltd. increased its stake in Palantir Technologies by 20.3% in the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after buying an additional 2,998,716 shares during the period. Finally, Clear Street Derivatives LLC acquired a new position in Palantir Technologies in the 4th quarter valued at approximately $216,953,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Down 9.4%

PLTR stock opened at $157.75 on Wednesday. The company has a market capitalization of $374.24 billion, a price-to-earnings ratio of 525.85, a P/E/G ratio of 9.81 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $29.31 and a 12 month high of $190.00. The firm has a 50 day moving average of $152.36 and a two-hundred day moving average of $120.64.

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 the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during 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 company's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. 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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PLTR shares. UBS Group reiterated a "neutral" rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. Bank of America boosted their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $136.61.

Insider Activity

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 transaction of $111,688.00. Following the completion of the sale, the director directly owned 62,887 shares of the company's stock, valued at approximately $8,779,654.07. This represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 529,684 shares of company stock valued at $71,900,350 in the last quarter. 12.93% of the stock is currently owned by corporate insiders.

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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