FOCUS Wealth Advisors LLC Takes Position in Palantir Technologies Inc. $PLTR

Key Points

• FOCUS Wealth Advisors LLC has acquired a new stake in Palantir Technologies, purchasing 14,453 shares valued at approximately $1,970,000.
• Significant institutional interest is reflected as firms like Invesco Ltd. and Price T Rowe Associates increased their stakes in Palantir by over 20% and 55% respectively.
• Palantir reported a revenue increase of 48% year-over-year to reach $1 billion, and earnings per share exceeded analysts' expectations at $0.16.

FOCUS Wealth Advisors LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,453 shares of the company's stock, valued at approximately $1,970,000.

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

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies 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 sale, the insider owned 50,961 shares in the company, valued at $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 21,000 shares of Palantir Technologies stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the sale, the director owned 59,794 shares in the company, valued at $9,922,814.30. This represents a 25.99% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,625,634 shares of company stock valued at $248,926,404. 12.93% of the stock is owned by insiders.

Palantir Technologies Trading Down 0.6%

Shares of PLTR stock opened at $170.26 on Wednesday. Palantir Technologies Inc. has a 1 year low of $35.71 and a 1 year high of $190.00. The firm's fifty day simple moving average is $161.32 and its 200 day simple moving average is $128.32. The firm has a market capitalization of $403.91 billion, a P/E ratio of 567.55, a price-to-earnings-growth ratio of 9.65 and a beta of 2.59.

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 for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The business's revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on PLTR shares. Citigroup reaffirmed a "neutral" rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research report on Monday. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $138.28.

About Palantir Technologies

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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