Dupree Financial Group LLC Invests $2.71 Million in Palantir Technologies Inc. $PLTR

Key Points

• Dupree Financial Group LLC invested approximately $2.71 million in Palantir Technologies, acquiring 19,857 shares of the stock.
• Insider Ryan D. Taylor sold a significant amount of shares, totaling over $5.7 million, representing a 10.49% decrease in their holdings.
• Palantir Technologies recently reported earnings that surpassed estimates, showing a year-over-year revenue increase of 48.0%.

Dupree Financial Group LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,857 shares of the company's stock, valued at approximately $2,707,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the second quarter worth $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies in the first quarter valued at $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the 1st quarter valued at $27,000. Finally, Frazier Financial Advisors LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at $28,000. Institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred 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 transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 222,878 shares of the firm'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 completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,557,750 shares of company stock valued at $239,713,896. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 1.9%

NASDAQ:PLTR opened at $181.59 on Tuesday. The stock has a market cap of $430.79 billion, a price-to-earnings ratio of 605.32, a PEG ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week high of $190.00. The company's 50 day moving average price is $171.50 and its 200-day moving average price is $144.42.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on PLTR. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Five equities 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. Based on data from MarketBeat, Palantir Technologies presently has an average rating of "Hold" and a consensus price target of $141.28.

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.

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