Gill Capital Partners LLC Takes $209,000 Position in Palantir Technologies Inc. $PLTR

Key Points

• Gill Capital Partners LLC invested approximately $209,000 in Palantir Technologies by acquiring 1,531 shares, reflecting growing institutional interest.
• Palantir reported earnings of $0.16 per share, surpassing estimates, with revenues increasing by 48% year-over-year to $1 billion.
• Insider activity has involved significant stock sales, including executives selling over 1.5 million shares recently, raising concerns about insider sentiment.

Gill Capital Partners LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,531 shares of the company's stock, valued at approximately $209,000.

Other institutional investors have also added to or reduced their stakes in the company. Mechanics Financial Corp purchased a new stake in Palantir Technologies during the 1st quarter valued at approximately $25,000. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the 1st quarter worth about $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the 1st quarter worth $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Palantir Technologies in the second quarter worth about $28,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Up 0.4%

NASDAQ:PLTR opened at $176.19 on Thursday. The stock has a market capitalization of $417.97 billion, a price-to-earnings ratio of 587.92, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60. The stock's fifty day moving average is $171.21 and its two-hundred day moving average is $144.89. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week 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, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion for 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%. The firm's revenue was up 48.0% compared to the same quarter last year. During the same quarter 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, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred 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 in the company, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction dated 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 in the company, valued at $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. Insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of analyst reports. Loop Capital lifted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $141.28.

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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