Focus Partners Advisor Solutions LLC Acquires 4,391 Shares of Palantir Technologies Inc. $PLTR

Focus Partners Advisor Solutions LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,533 shares of the company's stock after purchasing an additional 4,391 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Palantir Technologies were worth $2,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ameriflex Group Inc. lifted its holdings in shares of Palantir Technologies by 20.6% during the first quarter. Ameriflex Group Inc. now owns 20,170 shares of the company's stock valued at $1,702,000 after purchasing an additional 3,447 shares in the last quarter. Flputnam Investment Management Co. lifted its holdings in shares of Palantir Technologies by 5.3% during the first quarter. Flputnam Investment Management Co. now owns 9,146 shares of the company's stock valued at $772,000 after purchasing an additional 460 shares in the last quarter. Quarry LP lifted its holdings in shares of Palantir Technologies by 197.8% during the first quarter. Quarry LP now owns 9,262 shares of the company's stock valued at $782,000 after purchasing an additional 6,152 shares in the last quarter. Calton & Associates Inc. lifted its holdings in shares of Palantir Technologies by 84.0% during the first quarter. Calton & Associates Inc. now owns 6,411 shares of the company's stock valued at $541,000 after purchasing an additional 2,926 shares in the last quarter. Finally, Saudi Central Bank bought a new position in Palantir Technologies in the first quarter valued at about $70,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PLTR shares. Loop Capital increased their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group upped their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $136.61.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company's stock, valued at $92,823,974.88. This trade represents a 36.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 sale, the insider directly owned 592 shares of the company's stock, valued at $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,906,783 shares of company stock valued at $282,471,442 in the last ninety days. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Trading Down 0.9%

Shares of Palantir Technologies stock opened at $156.71 on Tuesday. The stock has a 50 day moving average of $155.80 and a 200 day moving average of $123.74. Palantir Technologies Inc. has a 12 month low of $29.31 and a 12 month high of $190.00. The firm has a market cap of $371.77 billion, a PE ratio of 522.38, a PEG ratio of 8.83 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm's revenue was up 48.0% on a year-over-year basis. 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 fiscal year.

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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