Fourpath Capital Management LLC Acquires Shares of 1,902 Palantir Technologies Inc. $PLTR

Key Points

• Fourpath Capital Management LLC acquired a new stake in Palantir Technologies, purchasing 1,902 shares valued at approximately $259,000.
• Insider Shyam Sankar sold 375,000 shares of Palantir, resulting in a 34.79% decrease in his ownership.
• Analysts have set a target price for Palantir Technologies shares ranging from $45.00 to $170.00, with a consensus rating of "Hold."

Fourpath Capital Management LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,902 shares of the company's stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Robertson Stephens Wealth Management LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at about $260,000. Aurora Private Wealth Inc. increased its stake in shares of Palantir Technologies by 24.6% in the 2nd quarter. Aurora Private Wealth Inc. now owns 5,965 shares of the company's stock valued at $813,000 after purchasing an additional 1,178 shares in the last quarter. Shikiar Asset Management Inc. increased its stake in shares of Palantir Technologies by 12.6% in the 2nd quarter. Shikiar Asset Management Inc. now owns 20,756 shares of the company's stock valued at $2,829,000 after purchasing an additional 2,320 shares in the last quarter. Cyndeo Wealth Partners LLC increased its stake in shares of Palantir Technologies by 0.8% in the 2nd quarter. Cyndeo Wealth Partners LLC now owns 99,686 shares of the company's stock valued at $13,589,000 after purchasing an additional 817 shares in the last quarter. Finally, Brandywine Oak Private Wealth LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at about $266,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock valued at $244,714,146 in the last ninety days. 9.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent analyst reports. Royal Bank Of Canada lifted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. Finally, Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $140.22.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $175.44 on Friday. The stock has a market cap of $416.20 billion, a P/E ratio of 584.82, a P/E/G ratio of 10.05 and a beta of 2.60. The stock's 50 day simple moving average is $171.32 and its 200-day simple moving average is $139.72. Palantir Technologies Inc. has a 1-year low of $40.36 and a 1-year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS 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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