Means Investment CO. Inc. Boosts Position in Palantir Technologies Inc. $PLTR

Key Points

• Means Investment CO. Inc. increased its position in Palantir Technologies Inc. by 3.9% in the second quarter, owning 87,877 shares valued at approximately $11.98 million.
• Palantir Technologies reported a 48% increase in revenue year-over-year, generating $1 billion during the last quarter, exceeding analyst expectations.
• Insider trading activity includes significant sales, with insider David A. Glazer selling 81,000 shares for over $12.5 million, representing a 15.82% decrease in his ownership.

Means Investment CO. Inc. increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,877 shares of the company's stock after purchasing an additional 3,310 shares during the period. Palantir Technologies makes up 1.1% of Means Investment CO. Inc.'s holdings, making the stock its 18th biggest position. Means Investment CO. Inc.'s holdings in Palantir Technologies were worth $11,979,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Palantir Technologies by 25.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 294,476 shares of the company's stock worth $40,143,000 after purchasing an additional 59,219 shares during the last quarter. Sather Financial Group Inc purchased a new position in shares of Palantir Technologies during the 2nd quarter valued at about $232,000. Sovereign Financial Group Inc. raised its stake in shares of Palantir Technologies by 79.7% during the 2nd quarter. Sovereign Financial Group Inc. now owns 6,159 shares of the company's stock valued at $840,000 after buying an additional 2,732 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Palantir Technologies by 23.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 186,280 shares of the company's stock valued at $25,394,000 after buying an additional 34,899 shares during the last quarter. Finally, Asset Planning Inc raised its stake in shares of Palantir Technologies by 6.8% during the 2nd quarter. Asset Planning Inc now owns 1,580 shares of the company's stock valued at $215,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $175.44 on Friday. The stock has a market capitalization of $416.20 billion, a PE ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $40.36 and a 12 month high of $190.00. The business has a 50 day simple moving average of $171.32 and a 200-day simple moving average of $140.05.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly 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. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm's revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,591,085 shares of company stock valued at $244,714,146. Corporate insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank Of Canada lifted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Mizuho set a $165.00 target price on shares of Palantir Technologies in a report on Monday, September 15th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $140.22.

Palantir Technologies Company 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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