Focus Financial Network Inc. Has $1.68 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Focus Financial Network Inc. increased its stake in Palantir Technologies Inc. by 32.3% in Q2, bringing their holdings to $1.68 million.
• Palantir Technologies reported a quarterly earnings of $0.16 per share and revenue of $1 billion, exceeding estimates by both metrics and representing a 48% increase year-over-year.
• Analyst ratings for Palantir Technologies show a consensus rating of "Hold" with a price target of $138.28, reflecting mixed sentiments among analysts on the stock's potential.

Focus Financial Network Inc. raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 32.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,286 shares of the company's stock after buying an additional 2,997 shares during the quarter. Focus Financial Network Inc.'s holdings in Palantir Technologies were worth $1,675,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PLTR. Northern Trust Corp increased its stake in shares of Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock worth $1,650,310,000 after purchasing an additional 64,973 shares during the last quarter. Invesco Ltd. increased its stake in shares of Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Palantir Technologies by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock worth $1,149,055,000 after purchasing an additional 571,544 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after purchasing an additional 4,748,513 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Up 5.1%

NASDAQ PLTR opened at $176.97 on Friday. The company has a fifty day simple moving average of $162.51 and a 200 day simple moving average of $129.24. The company has a market cap of $419.83 billion, a P/E ratio of 589.92, a P/E/G ratio of 9.49 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.

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 the consensus estimate 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 net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies's quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares of the company's stock, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,625,634 shares of company stock worth $248,926,404. 9.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of several analyst reports. Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Bank of America increased their price target on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada increased their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an "equal weight" 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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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