Huntleigh Advisors Inc. Has $3.59 Million Stake in Palantir Technologies Inc. $PLTR

Key Points

• Huntleigh Advisors Inc. increased its stake in Palantir Technologies by 89.5% during the 2nd quarter, now owning 26,321 shares worth approximately $3.59 million.
• Insider sales of Palantir stock amounted to $239.7 million over the past ninety days, with insiders owning 9.23% of the company's stock.
• Palantir recently reported 48% year-over-year revenue growth for the quarter, generating $1 billion in revenue and exceeding earnings estimates.

Huntleigh Advisors Inc. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 89.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,321 shares of the company's stock after buying an additional 12,431 shares during the period. Huntleigh Advisors Inc.'s holdings in Palantir Technologies were worth $3,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PLTR. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the first quarter valued at about $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter valued at about $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the first quarter valued at about $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at about $28,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares of the company's stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction dated 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 directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock worth $239,713,896 in the last ninety days. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $178.15 on Friday. The firm has a 50-day moving average of $171.52 and a 200-day moving average of $142.87. The company has a market cap of $422.63 billion, a PE ratio of 593.85, a PEG ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and upped their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Bank of America upped their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Finally, Piper Sandler boosted their target price on shares of Palantir Technologies from $182.00 to $201.00 and gave the stock an "overweight" rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average target price of $141.28.

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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