Callan Family Office LLC Purchases 33,250 Shares of Palantir Technologies Inc. $PLTR

Callan Family Office LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 251.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,472 shares of the company's stock after purchasing an additional 33,250 shares during the quarter. Callan Family Office LLC's holdings in Palantir Technologies were worth $6,335,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the second quarter valued at about $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Palantir Technologies in the second quarter worth about $31,000. Adirondack Trust Co. grew its holdings in Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after acquiring an additional 185 shares during the period. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the first quarter worth about $25,000. Finally, Park Place Capital Corp grew its holdings in Palantir Technologies by 48.1% during the second quarter. Park Place Capital Corp now owns 308 shares of the company's stock worth $40,000 after acquiring an additional 100 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $185.47 on Friday. The stock has a 50-day simple moving average of $170.89 and a 200-day simple moving average of $139.18. The stock has a market cap of $440.00 billion, a P/E ratio of 618.25, a P/E/G ratio of 9.95 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $40.36 and a 1 year high of $190.00.

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

Analyst Ratings Changes

Several analysts have commented on PLTR shares. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 target price on Palantir Technologies in a research report on Monday, September 15th. Finally, The Goldman Sachs Group lifted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $140.22.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 36,048 shares of the business's stock in a transaction dated 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 completion of the sale, the insider directly owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director directly owned 62,087 shares of the company's stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,591,085 shares of company stock worth $244,714,146. Corporate insiders own 9.23% of the company's stock.

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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