Jackson Hole Capital Partners LLC Buys 1,600 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Jackson Hole Capital Partners LLC increased its stake in Palantir Technologies by 42.2%, acquiring 1,600 additional shares during the second quarter, bringing its total holdings to 5,395 shares valued at approximately $735,000.
• Palantir Technologies reported a 48% increase in quarterly revenue year-over-year, totaling $1 billion, and exceeded analysts' earnings expectations with $0.16 EPS.
• Wall Street analysts have mixed ratings on Palantir, with a consensus price target of $141.28 and a majority rating it as a "Hold."

Jackson Hole Capital Partners LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 42.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,395 shares of the company's stock after acquiring an additional 1,600 shares during the period. Jackson Hole Capital Partners LLC's holdings in Palantir Technologies were worth $735,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Mechanics Financial Corp bought a new stake in Palantir Technologies in the first quarter worth about $25,000. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies in the first quarter worth about $27,000. 1248 Management LLC bought a new stake in Palantir Technologies in the first quarter worth about $27,000. Finally, Briaud Financial Planning Inc bought a new stake in Palantir Technologies in the second quarter worth about $27,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 2.8%

Shares of NASDAQ:PLTR opened at $180.48 on Friday. The company has a 50 day moving average of $171.20 and a 200 day moving average of $145.60. The stock has a market cap of $428.16 billion, a P/E ratio of 601.62, a P/E/G ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the previous year, the company earned $0.09 EPS. The business's quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on PLTR shares. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, UBS Group reiterated a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $141.28.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares of the company's stock, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,557,750 shares of company stock worth $239,713,896. Corporate insiders own 9.23% of the company's stock.

About Palantir Technologies

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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