Kingstone Capital Partners Texas LLC Makes New $2.54 Billion Investment in Palantir Technologies Inc. $PLTR

Key Points

• Kingstone Capital Partners Texas LLC acquired approximately 18.66 million shares of Palantir Technologies, valued at about $2.54 billion, representing around 0.79% of the company's total shares.
• Institutional ownership of Palantir Technologies has reached 45.65%, with several hedge funds increasing their stakes and new positions being established.
• Palantir Technologies reported a 48% increase in quarterly revenue year-over-year, earning $1 billion for the quarter and beating analyst estimates.

Kingstone Capital Partners Texas LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,661,152 shares of the company's stock, valued at approximately $2,543,888,000. Kingstone Capital Partners Texas LLC owned approximately 0.79% of Palantir Technologies at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Optima Capital LLC boosted its stake in Palantir Technologies by 0.6% in the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company's stock worth $1,066,000 after purchasing an additional 81 shares in the last quarter. Allegiance Financial Group Advisory Services LLC increased its holdings in Palantir Technologies by 3.0% in the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock worth $246,000 after acquiring an additional 84 shares in the last quarter. Delta Investment Management LLC increased its holdings in Palantir Technologies by 1.9% in the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock worth $398,000 after acquiring an additional 90 shares in the last quarter. Sovran Advisors LLC increased its holdings in Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after acquiring an additional 94 shares in the last quarter. Finally, Lodestone Wealth Management LLC grew its holdings in Palantir Technologies by 1.1% during the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after buying an additional 97 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. The trade was a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 21,000 shares of Palantir Technologies stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $165.95, for a total value of $3,484,950.00. Following the sale, the director directly owned 59,794 shares of the company's stock, valued at approximately $9,922,814.30. The trade was a 25.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,625,634 shares of company stock worth $248,926,404 over the last quarter. Insiders own 9.23% of the company's stock.

Palantir Technologies Trading Down 1.8%

Shares of NASDAQ:PLTR traded down $3.20 on Monday, hitting $179.19. The company had a trading volume of 30,830,082 shares, compared to its average volume of 88,885,586. The company has a market cap of $425.09 billion, a PE ratio of 597.36, a PEG ratio of 10.28 and a beta of 2.59. The business has a 50 day moving average of $163.32 and a 200 day moving average of $130.54. Palantir Technologies Inc. has a 52-week low of $36.05 and a 52-week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on PLTR. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. The Goldman Sachs Group increased their target price on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. 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. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $138.28.

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.