Cadent Capital Advisors LLC Acquires Shares of 12,652 Palantir Technologies Inc. $PLTR

Key Points

• Cadent Capital Advisors LLC acquired 12,652 shares of Palantir Technologies Inc. valued at approximately $1,725,000 in the second quarter.
• Palantir reported $1 billion in revenue for the last quarter, significantly exceeding analyst expectations, with a year-over-year revenue increase of 48.0%.
• Insiders have sold a total of 1,634,634 shares of Palantir's stock valued at approximately $250 million in the last three months.

Cadent Capital Advisors LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,652 shares of the company's stock, valued at approximately $1,725,000.

Other large investors have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Palantir Technologies by 10.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock worth $984,786,000 after purchasing an additional 1,135,841 shares during the last quarter. Golden State Equity Partners raised its stake in shares of Palantir Technologies by 10.1% during the second quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock worth $2,503,000 after purchasing an additional 1,677 shares during the last quarter. Hummer Financial Advisory Services Inc purchased a new stake in shares of Palantir Technologies during the second quarter worth approximately $225,000. Bank of New Hampshire raised its stake in shares of Palantir Technologies by 11.4% during the second quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock worth $2,705,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Fox Hill Wealth Management raised its stake in shares of Palantir Technologies by 5.9% during the second quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock worth $5,653,000 after purchasing an additional 2,325 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $179.12 on Friday. The business's fifty day moving average price is $165.68 and its 200 day moving average price is $132.60. Palantir Technologies Inc. has a 1-year low of $36.05 and a 1-year high of $190.00. The firm has a market capitalization of $424.93 billion, a PE ratio of 597.09, a P/E/G ratio of 10.02 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies'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 expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PLTR. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. UBS Group restated a "neutral" rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada upped their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $140.22.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the completion of the sale, the director directly owned 50,794 shares in the company, valued at $9,021,014.40. This trade represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock valued at $250,524,804 in the last three months. 9.23% of the stock is owned by 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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