KPP Advisory Services LLC Has $661,000 Holdings in Palantir Technologies Inc. $PLTR

Key Points

• KPP Advisory Services LLC increased its holdings in Palantir Technologies by 63.3% during Q2, now owning 4,850 shares worth $661,000.
• Insider Shyam Sankar sold 30,000 shares of Palantir's stock for $4.79 million, reducing his position by 4.09%.
• Palantir's stock price opened at $180.48 today, with a market cap of $428.16 billion and a price-to-earnings ratio of 601.62.

KPP Advisory Services LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 63.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,850 shares of the company's stock after purchasing an additional 1,880 shares during the period. KPP Advisory Services LLC's holdings in Palantir Technologies were worth $661,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PLTR. Kingstone Capital Partners Texas LLC bought a new position in Palantir Technologies during the 2nd quarter worth about $2,543,888,000. Nuveen LLC bought a new position in Palantir Technologies during the 1st quarter worth about $520,232,000. Price T Rowe Associates Inc. MD increased its holdings 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 purchasing an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. increased 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 purchasing an additional 4,221,392 shares in the last quarter. Finally, Amundi increased 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 purchasing an additional 3,815,386 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director owned 62,087 shares of the company's stock, valued at $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock worth $239,713,896 in the last three months. Insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PLTR. Royal Bank Of Canada increased their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Mizuho set a $165.00 target price on Palantir Technologies in a report on Monday, September 15th. Cantor Fitzgerald raised their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, UBS Group restated a "neutral" rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $141.28.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $180.48 on Friday. The stock has a market capitalization of $428.16 billion, a price-to-earnings ratio of 601.62, a PEG ratio of 9.51 and a beta of 2.60. The business has a 50-day moving average of $171.20 and a 200-day moving average of $145.60. Palantir Technologies Inc. has a fifty-two week low of $40.90 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $939.29 million. During the same period last year, the business posted $0.09 EPS. Palantir Technologies's revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current 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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