Everpar Advisors LLC Purchases 1,541 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Everpar Advisors LLC increased its stake in Palantir Technologies by 42.8% during the 2nd quarter, owning a total of 5,140 shares valued at approximately $701,000.
• Insider Ryan D. Taylor sold 36,048 shares, worth over $5.7 million, resulting in a 10.49% decrease in their position, while insiders overall have sold more than 1.6 million shares in the last quarter.
• Palantir's latest earnings report showed a 48% increase in quarterly revenue year-over-year, with earnings per share of $0.16, exceeding analyst expectations.

Everpar Advisors LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 42.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,140 shares of the company's stock after purchasing an additional 1,541 shares during the period. Everpar Advisors LLC's holdings in Palantir Technologies were worth $701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in PLTR. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the first quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies in the first quarter valued at $27,000. 1248 Management LLC bought a new stake in Palantir Technologies in the first quarter valued at $27,000. Richardson Capital Management LLC bought a new stake in Palantir Technologies in the first quarter valued at $33,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated 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 completion of the transaction, the insider owned 307,470 shares of the company's stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares of the company's stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,625,634 shares of company stock worth $248,926,404 over the last quarter. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Trading Down 0.1%

Shares of Palantir Technologies stock opened at $171.21 on Tuesday. The firm has a market capitalization of $406.17 billion, a P/E ratio of 570.72, a P/E/G ratio of 9.66 and a beta of 2.59. The business has a fifty day simple moving average of $160.71 and a two-hundred day simple moving average of $128.03. Palantir Technologies Inc. has a 12 month low of $35.56 and a 12 month high of $190.00.

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

Wall Street Analyst Weigh In

PLTR has been the topic of several recent analyst reports. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Bank of America lifted their price target on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Mizuho set a $165.00 price objective on Palantir Technologies in a research report on Monday. Four investment 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.com, Palantir Technologies has an average rating of "Hold" and a consensus target price of $138.28.

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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