MADDEN SECURITIES Corp Acquires 4,539 Shares of Palantir Technologies Inc. $PLTR

Key Points

• MADDEN SECURITIES Corp increased its stake in Palantir Technologies by 25.4% during the second quarter, now holding 22,375 shares worth approximately $3,050,000.
• Insider Ryan D. Taylor sold 36,048 shares of Palantir stock for over $5.7 million, while Alexander C. Karp sold 222,878 shares totaling around $33.7 million.
• Analyst reports from firms such as Wedbush and Deutsche Bank set price targets for Palantir Technologies, with some analysts recommending a "buy" rating and others a "hold" rating.

MADDEN SECURITIES Corp raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 25.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,375 shares of the company's stock after purchasing an additional 4,539 shares during the period. Palantir Technologies accounts for approximately 1.0% of MADDEN SECURITIES Corp's holdings, making the stock its 28th biggest position. MADDEN SECURITIES Corp's holdings in Palantir Technologies were worth $3,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLTR. Truist Financial Corp grew its stake in shares of Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company's stock valued at $73,204,000 after buying an additional 21,809 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock worth $984,786,000 after acquiring an additional 1,135,841 shares in the last quarter. New Century Financial Group LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at about $228,000. Synergy Asset Management LLC lifted its position in Palantir Technologies by 37.1% during the second quarter. Synergy Asset Management LLC now owns 9,623 shares of the company's stock valued at $1,312,000 after acquiring an additional 2,606 shares during the last quarter. Finally, Golden State Equity Partners boosted its position in shares of Palantir Technologies by 10.1% in the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock worth $2,503,000 after purchasing an additional 1,677 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the sale, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,591,085 shares of company stock worth $244,676,722. 12.93% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PLTR. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Loop Capital upped their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $140.22.

Palantir Technologies Trading Up 3.7%

Shares of PLTR opened at $179.53 on Tuesday. Palantir Technologies Inc. has a 12-month low of $38.78 and a 12-month high of $190.00. The firm has a market cap of $425.91 billion, a PE ratio of 598.45, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The company's 50 day simple moving average is $169.33 and its 200-day simple moving average is $137.95.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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 for 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 in the previous year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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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