Consolidated Portfolio Review Corp Takes Position in Palantir Technologies Inc. $PLTR

Key Points

• Consolidated Portfolio Review Corp has acquired a new stake in Palantir Technologies, purchasing 3,208 shares valued at approximately $437,000 in Q2.
• Institutional investors collectively own 45.65% of Palantir Technologies' stock, with various firms increasing their stakes significantly during recent quarters.
• Palantir reported a 48.0% revenue increase year-over-year, achieving $1 billion in revenue for the recent quarter, and beat earnings estimates of $0.14 per share.

Consolidated Portfolio Review Corp acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,208 shares of the company's stock, valued at approximately $437,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 period. Golden State Equity Partners raised its holdings in Palantir Technologies by 10.1% in the second quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock worth $2,503,000 after purchasing an additional 1,677 shares in the last quarter. FMB Wealth Management bought a new position in Palantir Technologies in the second quarter worth $223,000. Hummer Financial Advisory Services Inc bought a new position in Palantir Technologies in the second quarter worth $225,000. Finally, Bank of New Hampshire raised its holdings in 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 purchasing an additional 2,023 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 9,000 shares of Palantir Technologies stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares of the company's stock, valued at $112,129,506.30. The trade was a 4.09% 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 worth $244,676,722 in the last three months. 9.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America increased their price objective on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Piper Sandler set a $182.00 price objective on Palantir Technologies in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Finally, Citigroup restated a "neutral" rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four equities research 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. According to MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average price target of $140.22.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $184.95 on Thursday. Palantir Technologies Inc. has a 1-year low of $36.15 and a 1-year high of $190.00. The business has a fifty day moving average price of $167.97 and a 200-day moving average price of $135.33. The company has a market capitalization of $438.76 billion, a PE ratio of 616.52, a PEG ratio of 10.18 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly 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. 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 the consensus estimate of $939.29 million. During the same period last year, the company earned $0.09 earnings per share. The company's 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, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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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