Dynamic Advisor Solutions LLC Raises Stake in Palantir Technologies Inc. $PLTR

Key Points

• Dynamic Advisor Solutions LLC has increased its stake in Palantir Technologies by 4.7%, now owning 70,790 shares valued at approximately $9.65 million.
• Insiders have sold a total of 1,625,634 shares of Palantir Technologies in the last 90 days, with 12.93% of the stock currently owned by company insiders.
• Several analysts have upgraded their price targets for Palantir Technologies, with Bank of America raising their target from $150 to $180 and Piper Sandler setting a target at $182.

Dynamic Advisor Solutions LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 70,790 shares of the company's stock after purchasing an additional 3,204 shares during the period. Dynamic Advisor Solutions LLC's holdings in Palantir Technologies were worth $9,650,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. O Brien Wealth Partners LLC purchased a new stake in Palantir Technologies during the 2nd quarter worth about $76,000. DLK Investment Management LLC purchased a new stake in Palantir Technologies during the 2nd quarter worth about $381,000. Sunpointe LLC lifted its holdings in Palantir Technologies by 5.8% during the 2nd quarter. Sunpointe LLC now owns 3,865 shares of the company's stock worth $527,000 after purchasing an additional 211 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in Palantir Technologies by 7.0% during the 2nd quarter. Pallas Capital Advisors LLC now owns 17,476 shares of the company's stock worth $2,382,000 after purchasing an additional 1,150 shares in the last quarter. Finally, GSG Advisors LLC purchased a new stake in Palantir Technologies during the 2nd quarter worth about $254,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 21,000 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the completion of the sale, the director owned 59,794 shares of the company's stock, valued at approximately $9,922,814.30. The trade was a 25.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares of the company's stock, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,625,634 shares of company stock valued at $248,926,404 in the last ninety days. 12.93% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group reaffirmed a "neutral" rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Citigroup reaffirmed a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Bank of America raised their price target on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald raised their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $138.28.

Palantir Technologies Stock Down 0.6%

PLTR opened at $170.26 on Wednesday. The stock has a market cap of $403.91 billion, a PE ratio of 567.55, a PEG ratio of 9.65 and a beta of 2.59. The business has a 50 day moving average of $161.32 and a 200-day moving average of $128.32. Palantir Technologies Inc. has a 52 week low of $35.71 and a 52 week high of $190.00.

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

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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