Gordian Capital Singapore Pte Ltd Raises Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Gordian Capital Singapore Pte Ltd increased its stake in Palantir Technologies by 106.1% in the first quarter, now owning a total of 8,315 shares valued at $714,000.
• Insider Alexander C. Karp sold 222,878 shares of Palantir, reducing his position by 3.35%, while insider Ryan D. Taylor also sold 33,335 shares, reflecting an 8.39% decrease in his holdings.
• Palantir Technologies reported $1 billion in revenue for the last quarter, exceeding estimates and reflecting a 48% year-over-year growth in revenue.

Gordian Capital Singapore Pte Ltd lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 106.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,315 shares of the company's stock after buying an additional 4,280 shares during the quarter. Gordian Capital Singapore Pte Ltd's holdings in Palantir Technologies were worth $714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies during the fourth quarter worth $450,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $7,920,000. Bison Wealth LLC lifted its position in shares of Palantir Technologies by 37.4% during 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 in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Palantir Technologies by 14.3% during the fourth quarter. Rehmann Capital Advisory Group now owns 11,698 shares of the company's stock valued at $885,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Westbourne Investments Inc. bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $4,104,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Down 0.5%

Shares of NASDAQ:PLTR traded down $0.85 during trading on Tuesday, hitting $155.86. The stock had a trading volume of 41,434,579 shares, compared to its average volume of 91,228,703. The company has a market capitalization of $369.76 billion, a PE ratio of 520.42, a PEG ratio of 8.83 and a beta of 2.59. The firm's fifty day moving average is $155.80 and its 200 day moving average is $123.74. Palantir Technologies Inc. has a 12 month low of $29.31 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data 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 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 firm's quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent analyst reports. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 5th. Citigroup reissued a "neutral" rating and issued a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. UBS Group reissued a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Finally, Wedbush set a $200.00 target price on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $136.61.

Insider Activity

In other news, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares of the company's stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen Andrew Cohen sold 160,164 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $92,204. The trade was a 99.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,906,783 shares of company stock worth $282,471,442. Company insiders own 12.93% of the company's stock.

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.