Fortis Capital Advisors LLC Has $7.37 Million Stake in Palantir Technologies Inc. $PLTR

Fortis Capital Advisors LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,077 shares of the company's stock after buying an additional 7,684 shares during the quarter. Palantir Technologies accounts for about 1.3% of Fortis Capital Advisors LLC's portfolio, making the stock its 17th largest position. Fortis Capital Advisors LLC's holdings in Palantir Technologies were worth $7,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the second quarter worth about $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies in the second quarter worth about $31,000. Adirondack Trust Co. increased its holdings in shares of Palantir Technologies by 185.0% in the second quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after acquiring an additional 185 shares in the last quarter. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the first quarter worth about $25,000. Finally, Park Place Capital Corp increased its holdings in shares of Palantir Technologies by 48.1% in the second quarter. Park Place Capital Corp now owns 308 shares of the company's stock worth $40,000 after acquiring an additional 100 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Down 7.5%

PLTR stock opened at $173.07 on Friday. The business has a 50 day moving average price of $168.90 and a two-hundred day moving average price of $136.63. The company has a market cap of $410.58 billion, a price-to-earnings ratio of 576.92, a P/E/G ratio of 10.44 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $38.78 and a twelve month high of $190.00.

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, beating analysts' consensus estimates of $0.14 by $0.02. The firm 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%.The business's revenue was up 48.0% compared to the same quarter last year. 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, equities research analysts anticipate 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 Stephen Andrew Cohen sold 191,720 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 $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. This trade represents a 99.69% 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 Alexander C. Karp sold 222,878 shares of Palantir Technologies 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 transaction, the insider owned 6,432,258 shares of the company's stock, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,591,085 shares of company stock valued at $244,676,722. 9.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on PLTR. Weiss Ratings restated a "buy (b-)" rating on shares of Palantir Technologies in a report on Saturday, September 27th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and lifted their target price for the company from $80.00 to $160.00 in a research 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 research report on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $140.22.

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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