Congress Park Capital LLC Invests $211,000 in Palantir Technologies Inc. $PLTR

Key Points

• Congress Park Capital LLC has acquired a new stake of 1,545 shares of Palantir Technologies valued at approximately $211,000.
• Institutional investors collectively hold 45.65% of Palantir's stock, with Goldman Sachs Group increasing its position by 38.5% in the past quarter.
• Multiple research analysts have recently raised their price targets for Palantir Technologies, with targets ranging from $141.00 to $180.00, as they maintain a consensus rating of "Hold".

Congress Park Capital LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,545 shares of the company's stock, valued at approximately $211,000.

A number of other hedge funds have also recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Palantir Technologies by 10.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock worth $984,786,000 after acquiring an additional 1,135,841 shares during the last quarter. Hummer Financial Advisory Services Inc purchased a new stake in shares of Palantir Technologies in the second quarter worth $225,000. Bank of New Hampshire grew its stake in shares of Palantir Technologies by 11.4% in the second quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock worth $2,705,000 after acquiring an additional 2,023 shares during the last quarter. Fox Hill Wealth Management grew its stake in shares of Palantir Technologies by 5.9% in the second quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock worth $5,653,000 after acquiring an additional 2,325 shares during the last quarter. Finally, BDF Gestion purchased a new stake in shares of Palantir Technologies in the second quarter worth $4,409,000. 45.65% of the stock is owned by institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 21,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $165.95, for a total value of $3,484,950.00. Following the completion of the sale, the director owned 59,794 shares of the company's stock, valued at $9,922,814.30. The trade was a 25.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,625,634 shares of company stock worth $248,926,404 over the last three months. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded down $3.06 during midday trading on Monday, hitting $179.33. 45,749,266 shares of the stock traded hands, compared to its average volume of 88,975,781. The firm has a market capitalization of $425.43 billion, a P/E ratio of 597.79, a PEG ratio of 10.28 and a beta of 2.59. Palantir Technologies Inc. has a one year low of $36.05 and a one year high of $190.00. The firm has a 50-day moving average of $163.32 and a two-hundred day moving average of $130.54.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies's revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PLTR shares. Loop Capital increased their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Finally, UBS Group restated a "neutral" rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and a consensus target price of $138.28.

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.