Blair William & Co. IL Purchases 87,290 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Blair William & Co. IL increased its holdings in Palantir Technologies by 125.8% during the second quarter, acquiring an additional 87,290 shares and bringing their total ownership to 156,685 shares, valued at approximately $21.36 million.
• Recent insider trading revealed that Shyam Sankar and Ryan D. Taylor sold a combined total of 66,048 shares of Palantir Technologies, leading to decreases in their ownership stakes of 4.09% and 10.49%, respectively.
• Palantir Technologies reported a strong quarterly performance with earnings of $0.16 per share and revenues of $1 billion, exceeding analysts' expectations and showcasing a 48% year-over-year growth.

Blair William & Co. IL grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 125.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,685 shares of the company's stock after acquiring an additional 87,290 shares during the period. Blair William & Co. IL's holdings in Palantir Technologies were worth $21,359,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mechanics Financial Corp purchased a new position in Palantir Technologies during the 1st quarter valued at about $25,000. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter valued at about $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the 1st quarter valued at about $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,591,085 shares of company stock valued at $244,714,146. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $185.47 on Friday. The stock has a market cap of $440.00 billion, a PE ratio of 618.25, a price-to-earnings-growth ratio of 9.95 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $190.00. The firm's 50-day simple moving average is $170.89 and its two-hundred day simple moving average is $139.18.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business's revenue was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLTR. Citigroup restated a "neutral" rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Piper Sandler set a $182.00 target price on Palantir Technologies in a research note on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and raised their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $140.22.

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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