Childress Capital Advisors LLC Increases Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Childress Capital Advisors LLC increased its position in Palantir Technologies Inc. by 28.7% during Q2, acquiring an additional 1,574 shares for a total value of approximately $961,000.
• Insider trading activity saw significant sales, including 81,000 shares sold by insider David A. Glazer at an average price of $154.47, resulting in a total transaction of $12,512,070.
• Analysts have raised price targets for Palantir Technologies, with Loop Capital setting a new target of $180 and Goldman Sachs adjusting theirs from $90 to $141, indicating varied bullish sentiment.

Childress Capital Advisors LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 28.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,051 shares of the company's stock after buying an additional 1,574 shares during the period. Childress Capital Advisors LLC's holdings in Palantir Technologies were worth $961,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies during the fourth quarter worth $450,000. Bison Wealth LLC raised its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after acquiring an additional 4,667 shares during the period. NBC Securities Inc. raised its position in Palantir Technologies by 84,775.0% during the first quarter. NBC Securities Inc. now owns 3,395 shares of the company's stock worth $286,000 after acquiring an additional 3,391 shares during the period. Fragasso Financial Advisors Inc raised its position in Palantir Technologies by 7.0% during the first quarter. Fragasso Financial Advisors Inc now owns 10,895 shares of the company's stock worth $920,000 after acquiring an additional 708 shares during the period. Finally, Gradient Investments LLC acquired a new position in Palantir Technologies during the first quarter worth $474,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the completion of the sale, the director directly owned 50,794 shares in the company, valued at approximately $9,021,014.40. This trade represents a 15.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock valued at $244,676,722 in the last quarter. Insiders own 12.93% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Loop Capital upped their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and upped their price objective for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Four 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's stock. According to MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average price target of $140.22.

Palantir Technologies Stock Up 2.0%

Shares of NASDAQ PLTR opened at $182.42 on Wednesday. The firm has a 50-day simple moving average of $167.37 and a 200-day simple moving average of $134.98. The stock has a market capitalization of $432.76 billion, a price-to-earnings ratio of 608.09, a price-to-earnings-growth ratio of 9.98 and a beta of 2.59. Palantir Technologies Inc. has a 52 week low of $36.05 and a 52 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 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period in the prior year, the business earned $0.09 earnings per share. The company's quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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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