Enclave Advisors LLC Buys 5,286 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Enclave Advisors LLC increased its stake in Palantir Technologies by 12.9%, acquiring an additional 5,286 shares, which brought its total holdings to 46,149 shares worth $6,291,000.
• Palantir's stock has had a yearly high of $190.00 and reported a quarterly revenue of $1 billion, significantly surpassing analyst estimates.
• Research reports indicate a variance in analyst ratings, with an average target price of $140.22 and four analysts recommending a buy rating for the stock.

Enclave Advisors LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,149 shares of the company's stock after acquiring an additional 5,286 shares during the quarter. Palantir Technologies comprises approximately 1.0% of Enclave Advisors LLC's holdings, making the stock its 26th largest holding. Enclave Advisors LLC's holdings in Palantir Technologies were worth $6,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mechanics Financial Corp bought a new position in Palantir Technologies during the first quarter worth $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the second quarter worth $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies during the first quarter worth $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the first quarter worth $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies during the second quarter worth $31,000. Institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

PLTR has been the topic of a number of research reports. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research report on Monday, September 15th. Citigroup reissued 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. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Hold" and an average target price of $140.22.

Palantir Technologies Stock Performance

PLTR opened at $177.57 on Monday. The firm's 50-day simple moving average is $166.16 and its 200-day simple moving average is $134.01. Palantir Technologies Inc. has a twelve month low of $36.05 and a twelve month high of $190.00. The firm has a market cap of $421.26 billion, a price-to-earnings ratio of 591.92, a PEG ratio of 9.91 and a beta of 2.59.

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

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock worth $250,524,804 over the last quarter. Corporate insiders own 12.93% of the company's stock.

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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