Klingman & Associates LLC Takes $481,000 Position in Palantir Technologies Inc. $PLTR

Key Points

• Klingman & Associates LLC has acquired a new position in Palantir Technologies Inc., purchasing 3,531 shares worth approximately $481,000 in the second quarter.
• Insider transactions indicate significant selling activity, with insiders selling 1,557,750 shares valued at $239.7 million over the past three months, reducing their ownership to 12.93%.
• Wall Street analysts have varying outlooks on Palantir, with a consensus rating of "Hold" and an average price target of $141.28, showing potential for growth post-earnings report.

Klingman & Associates LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 3,531 shares of the company's stock, valued at approximately $481,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at approximately $25,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at approximately $28,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at approximately $31,000. Tradewinds Capital Management LLC lifted its position in shares of Palantir Technologies by 147.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company's stock valued at $32,000 after acquiring an additional 140 shares during the period. Finally, Adirondack Trust Co. lifted its position in shares of Palantir Technologies by 185.0% during the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company's stock valued at $39,000 after acquiring an additional 185 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Buckley sold 2,803 shares of the business'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 directly 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. Insiders sold 1,557,750 shares of company stock worth $239,713,896 in the last three months. 12.93% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent research reports. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Citigroup reissued a "neutral" rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $141.28.

Palantir Technologies Stock Performance

PLTR stock opened at $181.51 on Wednesday. The stock has a market capitalization of $430.60 billion, a P/E ratio of 605.05, a PEG ratio of 9.84 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. The company has a 50 day moving average price of $171.39 and a two-hundred day moving average price of $144.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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 firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies's revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies 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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