Inspire Investing LLC Buys Shares of 1,991 Palantir Technologies Inc. $PLTR

Key Points

• Inspire Investing LLC has acquired a new position in Palantir Technologies, purchasing 1,991 shares valued at approximately $271,000 during the second quarter.
• Several hedge funds have recently increased their stakes in Palantir, with Kingstone Capital Partners Texas LLC and Nuveen LLC making significant investments of over $2.5 billion and $520 million, respectively.
• Palantir reported earnings of $0.16 per share for the last quarter, exceeding expectations and showing a 48% year-over-year revenue growth to $1 billion.

Inspire Investing LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,991 shares of the company's stock, valued at approximately $271,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC purchased a new stake in Palantir Technologies during the second quarter worth about $2,543,888,000. Nuveen LLC acquired a new position in shares of Palantir Technologies in the first quarter valued at approximately $520,232,000. Price T Rowe Associates Inc. MD increased its stake in Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after buying an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after buying an additional 4,221,392 shares in the last quarter. Finally, Amundi lifted its holdings in Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company's stock worth $887,857,000 after buying an additional 3,815,386 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $178.15 on Friday. The stock's 50-day moving average is $171.52 and its two-hundred day moving average is $142.87. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00. The firm has a market cap of $422.63 billion, a price-to-earnings ratio of 593.85, a PEG ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion during 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 revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares in the company, valued at $11,572,395.93. This represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,557,750 shares of company stock worth $239,713,896 in the last ninety days. Company insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of several analyst reports. Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday, September 15th. Loop Capital lifted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their target price for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Five 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's stock. According to MarketBeat, the company presently 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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