First National Corp MA ADV Takes $336,000 Position in Palantir Technologies Inc. $PLTR

Key Points

• First National Corp MA ADV has purchased a new stake in Palantir Technologies Inc., acquiring 2,467 shares valued at approximately $336,000 during the second quarter.
• Palantir Technologies reported quarterly earnings of $0.16 per share, exceeding analysts' expectations, with revenues reaching $1 billion and marking a 48.0% year-over-year increase.
• Palantir's stock performance shows significant fluctuations, with a 52-week range of $35.56 to $190.00 and a current market cap of approximately $406.17 billion.

First National Corp MA ADV bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,467 shares of the company's stock, valued at approximately $336,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Mechanics Financial Corp acquired a new position in Palantir Technologies in the first quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the first quarter valued at about $27,000. Richardson Capital Management LLC acquired a new position in Palantir Technologies in the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC lifted its stake 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 buying an additional 185 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $171.21 on Tuesday. The company has a market cap of $406.17 billion, a PE ratio of 570.72, a PEG ratio of 9.66 and a beta of 2.59. Palantir Technologies Inc. has a 52-week low of $35.56 and a 52-week high of $190.00. The stock has a 50-day simple moving average of $160.71 and a 200 day simple moving average of $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, 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 return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies's quarterly revenue was up 48.0% on a year-over-year basis. During the same period 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. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on PLTR. Citigroup reaffirmed a "neutral" rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. UBS Group reaffirmed a "neutral" rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Mizuho set a $165.00 price target 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $138.28.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, 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 value of $33,737,042.86. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 owned 592 shares of the company's stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,625,634 shares of company stock valued at $248,926,404. 9.23% of the stock is owned by insiders.

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.

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