McAdam LLC Raises Holdings in Palantir Technologies Inc. $PLTR

Key Points

• McAdam LLC increased its holdings in Palantir Technologies by 78.4%, acquiring an additional 5,344 shares, bringing its total ownership to 12,159 shares worth approximately $1,026,000.
• Palantir's Q2 earnings report showed a revenue of $1 billion, exceeding analysts' expectations of $939.29 million, with a year-over-year revenue growth of 48%.
• Insiders sold a total of 1,604,634 shares valued at $245 million in the last 90 days, with 12.93% of the stock owned by corporate insiders.

McAdam LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 78.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,159 shares of the company's stock after purchasing an additional 5,344 shares during the quarter. McAdam LLC's holdings in Palantir Technologies were worth $1,026,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PLTR. Acadian Asset Management LLC grew its stake in shares of Palantir Technologies by 224.0% during the first quarter. Acadian Asset Management LLC now owns 554,978 shares of the company's stock valued at $46,824,000 after acquiring an additional 383,677 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of Palantir Technologies by 2.1% during the first quarter. IFM Investors Pty Ltd now owns 382,990 shares of the company's stock valued at $32,324,000 after acquiring an additional 7,800 shares in the last quarter. Blue Rock Wealth Management LLC grew its stake in shares of Palantir Technologies by 33.6% during the first quarter. Blue Rock Wealth Management LLC now owns 29,600 shares of the company's stock valued at $2,498,000 after acquiring an additional 7,450 shares in the last quarter. Fortis Capital Advisors LLC grew its stake in shares of Palantir Technologies by 45.9% during the first quarter. Fortis Capital Advisors LLC now owns 46,393 shares of the company's stock valued at $3,916,000 after acquiring an additional 14,606 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in Palantir Technologies by 8.4% in the first quarter. Focus Partners Wealth now owns 430,420 shares of the company's stock worth $36,312,000 after purchasing an additional 33,506 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies 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 transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,604,634 shares of company stock valued at $245,441,454 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $165.05 on Wednesday. Palantir Technologies Inc. has a 12 month low of $33.62 and a 12 month high of $190.00. The stock has a market cap of $391.56 billion, a price-to-earnings ratio of 549.61, a PEG ratio of 8.80 and a beta of 2.59. The stock's 50 day moving average price is $158.03 and its 200 day moving average price is $125.50.

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 the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The firm'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. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PLTR. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. UBS Group reiterated a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Bank of America lifted their target price on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $136.61.

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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