Clear Creek Financial Management LLC Grows Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Clear Creek Financial Management LLC increased its stock holdings in Palantir Technologies by 28.5% during the 2nd quarter, culminating in a total of 19,453 shares valued at approximately $2.65 million.
• Palantir reported a better-than-expected earnings per share of $0.16 for the quarter, surpassing analysts' estimates, with a revenue of $1 billion, which marked a 48% year-over-year increase.
• Recent analyst reports show a mix of upgrades and price target increases for Palantir, with Bank of America raising its target from $180 to $215 and maintaining a "buy" rating.

Clear Creek Financial Management LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 28.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,453 shares of the company's stock after acquiring an additional 4,310 shares during the period. Clear Creek Financial Management LLC's holdings in Palantir Technologies were worth $2,652,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 0.8%

Shares of NASDAQ PLTR opened at $183.56 on Thursday. The firm has a 50-day simple moving average of $170.35 and a 200-day simple moving average of $138.57. The stock has a market capitalization of $435.47 billion, a price-to-earnings ratio of 611.89, a price-to-earnings-growth ratio of 9.87 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $40.36 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. The business 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 company's quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. 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.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction dated 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 completion of the sale, the insider directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock valued at $244,714,146 in the last three months. 9.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PLTR has been the subject of several analyst reports. Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. 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. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research report on Monday, September 15th. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $140.22.

About Palantir Technologies

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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