Gallagher Capital Advisors LLC Invests $1.45 Million in Palantir Technologies Inc. $PLTR

Key Points

• Gallagher Capital Advisors LLC has invested approximately $1.45 million in Palantir Technologies, acquiring 10,607 shares, which now represent 1.2% of its investment portfolio.
• Palantir Technologies reported a 48.0% year-over-year revenue increase in its recent earnings, with a net income margin of 22.18% and an earnings per share (EPS) of $0.16, surpassing analyst expectations.
• Insider trading has been significant, with executives selling shares totaling around $239.7 million in the last quarter, leading to a 9.23% ownership by corporate insiders.

Gallagher Capital Advisors LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,607 shares of the company's stock, valued at approximately $1,446,000. Palantir Technologies accounts for about 1.2% of Gallagher Capital Advisors LLC's investment portfolio, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Hoge Financial Services LLC acquired a new stake in shares of Palantir Technologies during the second quarter valued at about $368,000. Cadinha & Co. LLC grew its stake in Palantir Technologies by 8.3% during the 2nd quarter. Cadinha & Co. LLC now owns 65,065 shares of the company's stock valued at $8,870,000 after purchasing an additional 4,986 shares in the last quarter. KPP Advisory Services LLC increased its holdings in Palantir Technologies by 63.3% during the 2nd quarter. KPP Advisory Services LLC now owns 4,850 shares of the company's stock worth $661,000 after purchasing an additional 1,880 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Palantir Technologies by 41.3% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 80,612 shares of the company's stock valued at $10,989,000 after purchasing an additional 23,568 shares in the last quarter. Finally, Paragon Advisors LLC boosted its stake in shares of Palantir Technologies by 16.3% during the 2nd quarter. Paragon Advisors LLC now owns 28,770 shares of the company's stock valued at $3,922,000 after buying an additional 4,022 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on PLTR shares. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Bank of America increased their target price on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group upped their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $141.28.

Palantir Technologies Price Performance

Shares of PLTR opened at $176.37 on Thursday. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $190.00. The stock has a fifty day moving average price of $171.21 and a 200 day moving average price of $144.89. The company has a market cap of $418.41 billion, a P/E ratio of 588.14, a PEG ratio of 9.84 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) 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 the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock worth $239,713,896 in the last quarter. 9.23% of the stock is currently owned by corporate insiders.

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.

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