MBB Public Markets I LLC Buys New Shares in Palantir Technologies Inc. $PLTR

Key Points

• MBB Public Markets I LLC acquired a new stake in Palantir Technologies, purchasing 3,590 shares valued at approximately $303,000 during the first quarter.
• Palantir reported a 48.0% year-over-year increase in revenue, posting $1 billion for the quarter, and exceeding consensus earnings estimates with $0.16 EPS.
• Wall Street analysts have varying opinions, with a consensus rating of "Hold" and a target price of $136.61 for Palantir's stock.

MBB Public Markets I LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,590 shares of the company's stock, valued at approximately $303,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock valued at $4,191,000 after buying an additional 6,479 shares in the last quarter. Garrison Bradford & Associates Inc. acquired a new stake in Palantir Technologies in the first quarter valued at $45,000. Menard Financial Group LLC raised its stake in Palantir Technologies by 8.2% in the first quarter. Menard Financial Group LLC now owns 25,938 shares of the company's stock valued at $2,189,000 after buying an additional 1,964 shares in the last quarter. TCW Group Inc. raised its stake in Palantir Technologies by 14.5% in the first quarter. TCW Group Inc. now owns 32,031 shares of the company's stock valued at $2,703,000 after buying an additional 4,068 shares in the last quarter. Finally, Sagespring Wealth Partners LLC raised its stake in Palantir Technologies by 36.3% in the first quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock valued at $2,030,000 after buying an additional 6,405 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 2.7%

Shares of PLTR stock opened at $166.74 on Thursday. The stock has a market capitalization of $395.56 billion, a PE ratio of 555.82, a price-to-earnings-growth ratio of 9.15 and a beta of 2.59. Palantir Technologies Inc. has a 52-week low of $33.62 and a 52-week high of $190.00. The stock's 50-day moving average price is $158.72 and its 200 day moving average price is $125.78.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly 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. The firm had revenue of $1 billion for 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 firm's revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $106,261,243.20. The trade was a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,604,634 shares of company stock worth $245,441,454 over the last three months. 9.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLTR. Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $116.00 to $135.00 in a research report on Wednesday, July 16th. Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and lifted their target price for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Finally, UBS Group reiterated a "neutral" rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $136.61.

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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