GSG Advisors LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,862 shares of the company's stock, valued at approximately $254,000.
Several other hedge funds have also made changes to their positions in the company. FOCUS Wealth Advisors LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $1,970,000. Mirador Capital Partners LP lifted its position in shares of Palantir Technologies by 3.6% in the 2nd quarter. Mirador Capital Partners LP now owns 14,464 shares of the company's stock valued at $1,972,000 after acquiring an additional 496 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Palantir Technologies by 2.0% in the 2nd quarter. Gateway Investment Advisers LLC now owns 371,058 shares of the company's stock valued at $50,583,000 after acquiring an additional 7,354 shares in the last quarter. David J Yvars Group purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $1,683,000. Finally, Hummer Financial Advisory Services Inc purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $225,000. Hedge funds and other institutional investors own 45.65% of the company's stock.
Palantir Technologies Price Performance
Shares of PLTR opened at $170.26 on Wednesday. The company has a market capitalization of $403.91 billion, a PE ratio of 567.55, a price-to-earnings-growth ratio of 9.65 and a beta of 2.59. Palantir Technologies Inc. has a one year low of $35.71 and a one year high of $190.00. The company's fifty day moving average price is $161.32 and its 200 day moving average price is $128.32.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion for 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 business's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on PLTR shares. Citigroup reiterated a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Bank of America increased their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 5th. Cantor Fitzgerald increased their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, Mizuho set a $165.00 target price on shares of Palantir Technologies in a research report on Monday. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Hold" and an average price target of $138.28.
Get Our Latest Stock Report on Palantir Technologies
Insider Buying and Selling
In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was 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 in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,625,634 shares of company stock worth $248,926,404. 12.93% of the stock is currently owned by corporate insiders.
About Palantir Technologies
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Free Report)
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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