Cavalier Investments LLC Increases Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Cavalier Investments LLC increased its stake in Palantir Technologies by 8.5% during the second quarter, bringing its total holdings to 47,540 shares valued at approximately $6.48 million.
• Palantir Technologies reported earnings per share of $0.16 for the last quarter, exceeding analysts' expectations of $0.14, with a revenue of $1 billion, up 48% year-over-year.
• Insider Ryan D. Taylor sold 36,048 shares of Palantir stock, reducing his ownership by 10.49%, with total insider sales in the last quarter approximating $239.71 million.

Cavalier Investments LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,540 shares of the company's stock after buying an additional 3,739 shares during the quarter. Palantir Technologies accounts for about 2.0% of Cavalier Investments LLC's holdings, making the stock its 14th biggest holding. Cavalier Investments LLC's holdings in Palantir Technologies were worth $6,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Ignite Planners LLC boosted its stake in Palantir Technologies by 0.4% during the second quarter. Ignite Planners LLC now owns 15,362 shares of the company's stock worth $2,094,000 after buying an additional 66 shares during the period. Christensen King & Associates Investment Services Inc. boosted its stake in shares of Palantir Technologies by 1.3% in the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock valued at $747,000 after purchasing an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. boosted its stake in shares of Palantir Technologies by 1.0% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock valued at $1,007,000 after purchasing an additional 73 shares during the period. Boomfish Wealth Group LLC boosted its stake in shares of Palantir Technologies by 2.7% in the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company's stock valued at $379,000 after purchasing an additional 73 shares during the period. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of Palantir Technologies by 3.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock valued at $329,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 0.0%

Shares of NASDAQ:PLTR opened at $181.51 on Wednesday. The firm's 50 day moving average price is $171.39 and its 200 day moving average price is $144.68. The stock has a market cap of $430.60 billion, a price-to-earnings ratio of 605.05, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $40.90 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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 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 firm's revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the firm's 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 of the company's stock, valued at approximately $48,687,874.50. This trade 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 can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the sale, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock valued at $239,713,896 in the last quarter. Company insiders own 12.93% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Piper Sandler raised their price objective on shares of Palantir Technologies from $182.00 to $201.00 and gave the company an "overweight" rating in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Five equities research 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 data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $141.28.

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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