Integrity Alliance LLC. Grows Stake in Palantir Technologies Inc. $PLTR

Key Points

• Integrity Alliance LLC increased its stake in Palantir Technologies by 789.5%, acquiring a total of 53,841 shares worth about $4.54 million as of its latest SEC filing.
• Several hedge funds added to their investments, with 45.65% of Palantir's stock now owned by institutional investors, indicating strong interest in the company.
• Insiders have sold a substantial number of shares recently, totaling over $245 million, with notable sales from executives Shyam Sankar and David A. Glazer that decreased their ownership significantly.

Integrity Alliance LLC. increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 789.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,841 shares of the company's stock after buying an additional 47,788 shares during the quarter. Integrity Alliance LLC.'s holdings in Palantir Technologies were worth $4,544,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mechanics Financial Corp purchased a new position in Palantir Technologies during the 1st quarter worth approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the 1st quarter worth approximately $27,000. Richardson Capital Management LLC purchased a new position in Palantir Technologies during the 1st quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC grew its stake in Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 431,169 shares of the company's stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,604,634 shares of company stock worth $245,441,454 over the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research reports. Royal Bank Of Canada raised their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Loop Capital raised their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and raised their price target for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. UBS Group reaffirmed a "neutral" rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Citigroup reaffirmed a "neutral" rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four investment 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. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Trading Up 4.0%

Palantir Technologies stock opened at $162.36 on Wednesday. Palantir Technologies Inc. has a twelve month low of $33.62 and a twelve month high of $190.00. The stock has a 50 day moving average of $158.03 and a two-hundred day moving average of $125.50. The stock has a market capitalization of $385.17 billion, a price-to-earnings ratio of 541.22, a PEG ratio of 8.80 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business 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 company's quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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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