Palantir Technologies Inc. $PLTR is Fox Hill Wealth Management's 8th Largest Position

Key Points

• Fox Hill Wealth Management increased its stake in Palantir Technologies by 5.9%, acquiring an additional 2,325 shares, bringing its total holdings to 41,470 shares worth approximately $5.65 million.
• Palantir Technologies reported a 48% increase in revenue year-over-year for the most recent quarter, achieving $1 billion in revenue and earnings per share of $0.16, surpassing analysts' expectations.
• Insider trading activity showed that key executives, including Alexander C. Karp, sold a total of 1.6 million shares worth approximately $245 million in the last quarter.

Fox Hill Wealth Management grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,470 shares of the company's stock after acquiring an additional 2,325 shares during the period. Palantir Technologies accounts for 2.9% of Fox Hill Wealth Management's portfolio, making the stock its 8th largest holding. Fox Hill Wealth Management's holdings in Palantir Technologies were worth $5,653,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Optima Capital LLC raised its position in Palantir Technologies by 0.6% in the first quarter. Optima Capital LLC now owns 12,626 shares of the company's stock worth $1,066,000 after acquiring an additional 81 shares during the period. Allegiance Financial Group Advisory Services LLC raised its position in Palantir Technologies by 3.0% in the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock worth $246,000 after acquiring an additional 84 shares during the period. Delta Investment Management LLC raised its position in Palantir Technologies by 1.9% in the first quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock worth $398,000 after acquiring an additional 90 shares during the period. Sovran Advisors LLC raised its position in Palantir Technologies by 1.8% in the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after acquiring an additional 94 shares during the period. Finally, Lodestone Wealth Management LLC raised its position in Palantir Technologies by 1.1% in the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after acquiring an additional 97 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares of the company's stock, valued at approximately $89,611.04. This trade represents a 99.69% 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 Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,604,634 shares of company stock valued at $245,441,454 in the last ninety days. Corporate insiders own 12.93% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on PLTR. 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. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. 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, DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average price target of $136.61.

Palantir Technologies Trading Up 4.3%

PLTR traded up $7.07 during trading on Friday, hitting $171.43. 54,323,535 shares of the company traded hands, compared to its average volume of 75,252,840. The company has a market cap of $406.69 billion, a PE ratio of 571.45, a P/E/G ratio of 9.66 and a beta of 2.59. The stock's 50-day simple moving average is $160.07 and its two-hundred day simple moving average is $127.42. Palantir Technologies Inc. has a 1 year low of $34.89 and a 1 year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.