Mason & Associates Inc Grows Position in Palantir Technologies Inc. $PLTR

Key Points

• Mason & Associates Inc increased its stake in Palantir Technologies by 8.2% in Q2, now holding 26,619 shares valued at approximately $3.6 million.
• Insider transactions include Jeffrey Buckley selling 2,803 shares for $440,071, while Lauren Elaina Friedman Stat sold 800 shares totaling $149,112.
• Palantir Technologies reported a 48% increase in quarterly revenue, with earnings surpassing analyst expectations, showcasing strong growth in both commercial and government segments.

Mason & Associates Inc boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,619 shares of the company's stock after acquiring an additional 2,009 shares during the quarter. Palantir Technologies comprises 0.8% of Mason & Associates Inc's investment portfolio, making the stock its 26th biggest holding. Mason & Associates Inc's holdings in Palantir Technologies were worth $3,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of PLTR. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $2,543,888,000. Nuveen LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $520,232,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock valued at $1,126,408,000 after buying an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after buying an additional 4,221,392 shares during the period. Finally, Amundi raised its holdings in Palantir Technologies by 56.1% during the first 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 during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,803 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the transaction, the insider owned 50,961 shares in the company, valued at $8,000,877. The trade was a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the transaction, the director directly owned 62,087 shares of the company's stock, valued at approximately $11,572,395.93. The trade was a 1.27% 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 valued at $239,713,896 over the last quarter. Company insiders own 9.23% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PLTR shares. Citigroup reaffirmed a "neutral" rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group raised their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Piper Sandler lifted their price objective on Palantir Technologies from $182.00 to $201.00 and gave the company an "overweight" rating in a research report on Tuesday, October 14th. Finally, Cantor Fitzgerald boosted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Five investment 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, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $141.28.

Palantir Technologies Trading Up 2.3%

Shares of Palantir Technologies stock opened at $184.63 on Friday. The business's 50 day simple moving average is $171.35 and its 200-day simple moving average is $146.34. The stock has a market capitalization of $438.01 billion, a price-to-earnings ratio of 615.45, a PEG ratio of 9.78 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The company's quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share 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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