Armstrong Fleming & Moore Inc Takes Position in Palantir Technologies Inc. $PLTR

Armstrong Fleming & Moore Inc purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,125 shares of the company's stock, valued at approximately $2,880,000. Palantir Technologies makes up 1.6% of Armstrong Fleming & Moore Inc's holdings, making the stock its 12th largest holding.

A number of other large investors also recently modified their holdings of the company. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies during the 1st quarter valued at $25,000. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies during the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies in the first quarter worth $27,000. 1248 Management LLC purchased a new stake in Palantir Technologies in the first quarter worth $27,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in Palantir Technologies in the second quarter worth $31,000. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 702,786 shares of the company's stock, valued at $106,261,243.20. The trade was a 34.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,591,085 shares of company stock valued at $244,714,146. 9.23% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $183.56 on Thursday. The company has a 50 day moving average price of $170.35 and a 200 day moving average price of $138.57. Palantir Technologies Inc. has a 1-year low of $40.36 and a 1-year high of $190.00. The stock has a market capitalization of $435.47 billion, a price-to-earnings ratio of 611.89, a PEG ratio of 9.87 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PLTR. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Citigroup restated a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Mizuho set a $165.00 target price on Palantir Technologies in a report on Monday, September 15th. 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. Finally, Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $140.22.

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.