Grandview Asset Management LLC Buys Shares of 1,816 Palantir Technologies Inc. $PLTR

Key Points

• Grandview Asset Management LLC has acquired a new position in Palantir Technologies, purchasing 1,816 shares valued at approximately $248,000.
• Palantir Technologies reported a 48% increase in revenue year-over-year, with $1 billion in revenue and an EPS of $0.16 in its recent quarterly earnings.
• Several institutional investors have increased their holdings in Palantir, with Coastline Trust Co notably raising its position by 560.6%.

Grandview Asset Management LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,816 shares of the company's stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Capital Management LLC raised its position in Palantir Technologies by 38.2% in the second quarter. Beacon Capital Management LLC now owns 2,546 shares of the company's stock worth $347,000 after acquiring an additional 704 shares in the last quarter. Tritonpoint Wealth LLC grew its holdings in shares of Palantir Technologies by 2.3% in the 2nd quarter. Tritonpoint Wealth LLC now owns 7,810 shares of the company's stock worth $1,065,000 after purchasing an additional 176 shares during the last quarter. Coastline Trust Co raised its holdings in Palantir Technologies by 560.6% in the second quarter. Coastline Trust Co now owns 18,438 shares of the company's stock worth $2,513,000 after purchasing an additional 15,647 shares during the period. Guyasuta Investment Advisors Inc. increased its stake in shares of Palantir Technologies by 22.3% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 7,415 shares of the company's stock worth $1,011,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Clay Northam Wealth Management LLC lifted its stake in Palantir Technologies by 8.7% during the second quarter. Clay Northam Wealth Management LLC now owns 12,967 shares of the company's stock worth $1,768,000 after purchasing an additional 1,035 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Down 0.9%

Shares of NASDAQ PLTR opened at $177.57 on Friday. The firm has a market capitalization of $421.26 billion, a PE ratio of 591.92, a PEG ratio of 9.91 and a beta of 2.59. Palantir Technologies Inc. has a one year low of $36.05 and a one year high of $190.00. The business has a 50-day moving average price of $166.16 and a two-hundred day moving average price of $133.63.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm's revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on PLTR. The Goldman Sachs Group increased their target price 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. Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Bank of America boosted their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Citigroup reissued a "neutral" rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $140.22.

Insider Activity

In other news, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company's stock, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the completion of the transaction, the director directly owned 50,794 shares of the company's stock, valued at approximately $9,021,014.40. The trade was a 15.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,634,634 shares of company stock worth $250,524,804. Company insiders own 9.23% 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.

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