Palantir Technologies Inc. $PLTR Shares Purchased by Calton & Associates Inc.

Key Points

• Calton & Associates Inc. increased its stake in Palantir Technologies by 84.0%, acquiring a total of 6,411 shares valued at approximately $541,000.
• Insider Ryan D. Taylor sold 9,211 shares for over $1.4 million, while another insider, Stephen Andrew Cohen, sold 160,164 shares for nearly $25 million, significantly reducing their ownership.
• Several brokerages revised their ratings on Palantir Technologies, with Deutsche Bank upgrading their outlook from "sell" to "hold" and raising the target price from $80 to $160.

Calton & Associates Inc. lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 84.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,411 shares of the company's stock after acquiring an additional 2,926 shares during the quarter. Calton & Associates Inc.'s holdings in Palantir Technologies were worth $541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mechanics Financial Corp purchased a new position in Palantir Technologies in the 1st quarter valued at about $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Palantir Technologies in the first quarter valued at approximately $27,000. Cornerstone Planning Group LLC boosted 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 worth $33,000 after acquiring an additional 185 shares during the last quarter. Richardson Capital Management LLC purchased a new stake in shares of Palantir Technologies during the first quarter worth approximately $33,000. Finally, Atlantic Edge Private Wealth Management LLC raised its stake in Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Up 0.2%

PLTR stock traded up $0.38 during mid-day trading on Tuesday, hitting $157.09. 65,275,079 shares of the company were exchanged, compared to its average volume of 91,396,188. The business has a fifty day simple moving average of $155.80 and a 200-day simple moving average of $123.74. The firm has a market capitalization of $372.67 billion, a P/E ratio of 523.65, a PEG ratio of 8.83 and a beta of 2.59. Palantir Technologies Inc. has a 12-month low of $29.31 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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 firm had revenue of $1 billion during 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 firm's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 1,076 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $167,587.00. Following the completion of the transaction, the insider directly owned 53,764 shares of the company's stock, valued at approximately $8,373,743. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 160,164 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at approximately $92,204. This represents a 99.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,906,783 shares of company stock worth $282,471,442 over the last ninety days. Company insiders own 12.93% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Bank of America raised their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. UBS Group restated a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Citigroup reissued a "neutral" rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $136.61.

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.