Bard Financial Services Inc. Buys Shares of 1,750 Palantir Technologies Inc. $PLTR

Key Points

• Bard Financial Services Inc. has acquired 1,750 shares of Palantir Technologies, valued at approximately $239,000, during the second quarter.
• Palantir Technologies reported $1 billion in revenue for the quarter, significantly exceeding the consensus estimate, with earnings per share of $0.16.
• Insider trading has seen notable activity, with insiders selling over 1.6 million shares valued at approximately $248 million in the last 90 days.

Bard Financial Services Inc. bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,750 shares of the company's stock, valued at approximately $239,000.

Several other large investors have also added to or reduced their stakes in the company. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the first quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies in the first quarter worth approximately $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies during the first quarter worth $27,000. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at $33,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of 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 buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $171.21 on Tuesday. The business's 50-day moving average is $160.71 and its two-hundred day moving average is $128.03. Palantir Technologies Inc. has a 12 month low of $35.56 and a 12 month high of $190.00. The firm has a market capitalization of $406.17 billion, a PE ratio of 570.72, a price-to-earnings-growth ratio of 9.66 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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 company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company's revenue was up 48.0% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the transaction, the insider owned 50,961 shares of the company's stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,625,634 shares of company stock valued at $248,926,404. Company insiders own 12.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PLTR shares. Piper Sandler set a $182.00 target price on Palantir Technologies in a 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 report on Tuesday, August 5th. Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Finally, Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus price target of $138.28.

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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