Fulton Breakefield Broenniman LLC Acquires Shares of 3,137 Palantir Technologies Inc. $PLTR

Key Points

• Fulton Breakefield Broenniman LLC acquired 3,137 shares of Palantir Technologies Inc., valued at approximately $428,000, during the second quarter.
• Palantir reported $1 billion in revenue for the quarter, significantly exceeding the analyst estimates of $939.29 million, and an earnings per share of $0.16, beating the consensus estimate.
• Recent insider sales include Alexander C. Karp and Stephen Andrew Cohen, who sold a combined total of over 414,000 shares, valued at approximately $62.76 million.

Fulton Breakefield Broenniman LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,137 shares of the company's stock, valued at approximately $428,000.

Several other hedge funds also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $450,000. Bison Wealth LLC raised its position in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Daymark Wealth Partners LLC raised its position in Palantir Technologies by 10.3% in the first quarter. Daymark Wealth Partners LLC now owns 10,678 shares of the company's stock valued at $901,000 after purchasing an additional 998 shares during the period. Farther Finance Advisors LLC raised its position in Palantir Technologies by 65.8% in the first quarter. Farther Finance Advisors LLC now owns 37,917 shares of the company's stock valued at $3,211,000 after purchasing an additional 15,054 shares during the period. Finally, Pallas Capital Advisors LLC raised its position in Palantir Technologies by 103.1% in the first quarter. Pallas Capital Advisors LLC now owns 16,326 shares of the company's stock valued at $1,378,000 after purchasing an additional 8,286 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 0.8%

Shares of Palantir Technologies stock opened at $183.56 on Thursday. The firm has a market cap of $435.47 billion, a P/E ratio of 611.89, a P/E/G ratio of 9.87 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $190.00. The business has a 50-day moving average price of $170.35 and a 200 day moving average price of $138.57.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data 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. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the company earned $0.09 earnings per share. Palantir Technologies's quarterly 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 anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other Palantir Technologies news, 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 completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies 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 transaction, the insider owned 592 shares of the company's stock, valued at approximately $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 1,591,085 shares of company stock valued at $244,714,146 over the last 90 days. 9.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on PLTR shares. Citigroup reaffirmed a "neutral" rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday. Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. Finally, UBS Group reaffirmed a "neutral" rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $140.22.

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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