Dakota Wealth Management Purchases 2,407 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Dakota Wealth Management increased its stake in Palantir Technologies by 8.2% in the second quarter, acquiring an additional 2,407 shares, bringing its total holdings to 31,920 shares valued at approximately $4.35 million.
• Palantir Technologies reported a 48% increase in revenue year-over-year during its latest quarter, with earnings per share of $0.16, surpassing analysts' expectations.
• Recent insider trading showed significant sales, with CEO Alexander C. Karp selling over 222,000 shares valued at approximately $33.74 million, indicating a 3.35% reduction in his ownership.

Dakota Wealth Management lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,920 shares of the company's stock after purchasing an additional 2,407 shares during the period. Dakota Wealth Management's holdings in Palantir Technologies were worth $4,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Christensen King & Associates Investment Services Inc. boosted its holdings in Palantir Technologies by 1.3% in the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock valued at $747,000 after acquiring an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its holdings in Palantir Technologies by 1.0% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock valued at $1,007,000 after acquiring an additional 73 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in Palantir Technologies by 3.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock valued at $329,000 after acquiring an additional 80 shares during the last quarter. Oxinas Partners Wealth Management LLC boosted its holdings in Palantir Technologies by 2.7% in the second quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company's stock valued at $410,000 after acquiring an additional 80 shares during the last quarter. Finally, Optima Capital LLC boosted its holdings in Palantir Technologies by 0.6% in the first quarter. Optima Capital LLC now owns 12,626 shares of the company's stock valued at $1,066,000 after acquiring an additional 81 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR opened at $179.12 on Friday. Palantir Technologies Inc. has a 52-week low of $36.05 and a 52-week high of $190.00. The business's 50 day moving average price is $165.68 and its two-hundred day moving average price is $132.60. The firm has a market cap of $424.93 billion, a PE ratio of 597.09, a price-to-earnings-growth ratio of 10.02 and a beta of 2.59.

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 (EPS) 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 for the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The company's 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. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other news, insider Alexander C. Karp sold 222,878 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,634,634 shares of company stock valued at $250,524,804 over the last three months. 9.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on PLTR shares. The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Citigroup reiterated a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald upped their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $140.22.

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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