Bosun Asset Management LLC Invests $1.10 Million in Palantir Technologies Inc. $PLTR

Key Points

• Bosun Asset Management LLC has invested approximately $1.10 million in Palantir Technologies, acquiring 13,012 shares in the 1st quarter.
• Palantir Technologies' stock has been subject to recent analyst upgrades, with the Goldman Sachs Group increasing its price target from $90.00 to $141.00.
• Insider selling has occurred recently, with significant sales totaling over $282 million, raising concerns about insider sentiment amidst a stock drop of 1.4%.

Bosun Asset Management LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,012 shares of the company's stock, valued at approximately $1,098,000.

A number of other large investors also recently bought and sold shares of the business. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies in the fourth quarter worth about $450,000. Bison Wealth LLC boosted its position in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Palantir Technologies by 4.5% in the 4th quarter. Ameriprise Financial Inc. now owns 2,481,386 shares of the company's stock worth $187,666,000 after buying an additional 107,159 shares during the last quarter. Caxton Associates LP bought a new position in Palantir Technologies during the 4th quarter valued at approximately $295,000. Finally, Cary Street Partners Financial LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $809,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group raised their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $116.00 to $135.00 in a research note on Wednesday, July 16th. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Citigroup reissued a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $136.61.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the completion of the sale, the insider owned 363,755 shares of the company's stock, valued at $49,219,689.05. The trade was a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,909,586 shares of company stock worth $282,911,513. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Down 1.4%

Palantir Technologies stock opened at $154.90 on Thursday. Palantir Technologies Inc. has a 52-week low of $29.31 and a 52-week high of $190.00. The company has a market cap of $367.48 billion, a P/E ratio of 516.35, a P/E/G ratio of 8.83 and a beta of 2.59. The business has a 50-day simple moving average of $156.31 and a two-hundred day simple moving average of $124.19.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm 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 quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.

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