Lbp Am Sa Buys 52,249 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Lbp Am Sa increased its holdings in Palantir Technologies by 77.3%, acquiring an additional 52,249 shares during the 2nd quarter, bringing its total to 119,823 shares valued at approximately $16.33 million.
• Analysts have set new target prices for Palantir, with estimates ranging from $165.00 to $200.00, while the stock has an average rating of "Hold."
• Insider trading included significant sales, with David A. Glazer selling 81,000 shares valued at over $12.5 million, representing a 15.82% decrease in his position.

Lbp Am Sa boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 77.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,823 shares of the company's stock after purchasing an additional 52,249 shares during the quarter. Lbp Am Sa's holdings in Palantir Technologies were worth $16,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies during the 4th quarter valued at approximately $450,000. Bison Wealth LLC raised its stake in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. NBC Securities Inc. raised its stake in Palantir Technologies by 84,775.0% during the 1st quarter. NBC Securities Inc. now owns 3,395 shares of the company's stock valued at $286,000 after purchasing an additional 3,391 shares during the period. Fragasso Financial Advisors Inc raised its stake in Palantir Technologies by 7.0% during the 1st quarter. Fragasso Financial Advisors Inc now owns 10,895 shares of the company's stock valued at $920,000 after purchasing an additional 708 shares during the period. Finally, Gradient Investments LLC bought a new stake in Palantir Technologies during the 1st quarter valued at approximately $474,000. Institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Citigroup reissued a "neutral" rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a report on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Mizuho set a $165.00 price target on Palantir Technologies in a report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $182.42 on Wednesday. The stock has a market capitalization of $432.76 billion, a PE ratio of 608.09, a P/E/G ratio of 9.98 and a beta of 2.59. The business has a 50 day simple moving average of $167.37 and a two-hundred day simple moving average of $134.98. Palantir Technologies Inc. has a 1-year low of $36.05 and a 1-year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its 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. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,591,085 shares of company stock worth $244,676,722. 12.93% of the stock is currently owned by corporate insiders.

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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