Cohen Investment Advisors LLC Acquires New Shares in Palantir Technologies Inc. $PLTR

Cohen Investment Advisors LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,000 shares of the company's stock, valued at approximately $273,000.

Other hedge funds also recently modified their holdings of the company. Mechanics Financial Corp bought a new position in Palantir Technologies during the 1st quarter worth $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies during the 1st quarter worth $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the 1st quarter worth $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company's stock, valued at $11,572,395.93. The trade was a 1.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares of the company's stock, valued at $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock worth $244,714,146 over the last three months. Insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PLTR shares. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Cantor Fitzgerald raised their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday. Loop Capital raised their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada raised their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average price target of $140.22.

Palantir Technologies Trading Up 0.8%

PLTR stock opened at $183.56 on Thursday. The stock has a 50-day moving average price of $170.35 and a 200-day moving average price of $138.57. Palantir Technologies Inc. has a 1-year low of $40.36 and a 1-year high of $190.00. The firm has a market cap of $435.47 billion, a PE ratio of 611.89, a price-to-earnings-growth ratio of 9.87 and a beta of 2.60.

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 the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period last year, the company posted $0.09 EPS. The business's quarterly revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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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