Fiduciary Financial Group LLC Takes $347,000 Position in Palantir Technologies Inc. $PLTR

Key Points

• Fiduciary Financial Group LLC has acquired a new stake in Palantir Technologies Inc., purchasing 2,654 shares valued at approximately $347,000 during the 2nd quarter.
• Palantir Technologies reported $1 billion in revenue for the last quarter, surpassing estimates and showing a 48% year-over-year growth in revenue.
• An insider, Ryan D. Taylor, sold 36,048 shares for over $5.7 million, marking a 10.49% decrease in their ownership position.

Fiduciary Financial Group LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,654 shares of the company's stock, valued at approximately $347,000.

A number of other hedge funds have also bought and sold shares of the business. Optima Capital LLC lifted its holdings in Palantir Technologies by 0.6% during the first quarter. Optima Capital LLC now owns 12,626 shares of the company's stock worth $1,066,000 after acquiring an additional 81 shares during the period. Allegiance Financial Group Advisory Services LLC lifted its holdings in Palantir Technologies by 3.0% during the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock worth $246,000 after acquiring an additional 84 shares during the period. Delta Investment Management LLC increased its position in Palantir Technologies by 1.9% in the first quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock worth $398,000 after buying an additional 90 shares during the last quarter. Sovran Advisors LLC increased its position in Palantir Technologies by 1.8% in the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after buying an additional 94 shares during the last quarter. Finally, Lodestone Wealth Management LLC increased its position in Palantir Technologies by 1.1% in the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after buying an additional 97 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Down 0.5%

Shares of NASDAQ PLTR traded down $0.82 during mid-day trading on Tuesday, hitting $170.39. The company had a trading volume of 26,814,513 shares, compared to its average volume of 89,274,758. The company has a market capitalization of $404.22 billion, a price-to-earnings ratio of 567.87, a P/E/G ratio of 9.66 and a beta of 2.59. Palantir Technologies Inc. has a 1 year low of $35.71 and a 1 year high of $190.00. The stock's 50-day moving average price is $160.71 and its 200-day moving average price is $128.03.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data 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. The company 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%.The firm's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of Palantir Technologies 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 completion of the sale, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the insider directly owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,625,634 shares of company stock valued at $248,926,404. 9.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Bank of America raised their target price on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, Mizuho set a $165.00 target price on Palantir Technologies in a research report on Monday. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $138.28.

Palantir Technologies Company 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.