Mezzasalma Advisors LLC Purchases 3,106 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Mezzasalma Advisors LLC has increased its stake in Palantir Technologies by 35.3%, acquiring an additional 3,106 shares during the second quarter, bringing its total holdings to 11,908 shares worth approximately $1,623,000.
• Several hedge funds, including Bison Wealth LLC and Envestnet Portfolio Solutions Inc., have also significantly increased their positions in Palantir Technologies, illustrating growing interest among institutional investors.
• Palantir Technologies recently reported a quarterly earnings per share of $0.16, exceeding analyst expectations and reflecting a 48% increase in revenue year-over-year.

Mezzasalma Advisors LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 35.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,908 shares of the company's stock after purchasing an additional 3,106 shares during the quarter. Mezzasalma Advisors LLC's holdings in Palantir Technologies were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies in the 4th quarter worth $450,000. Bison Wealth LLC grew its position in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after acquiring an additional 4,667 shares in the last quarter. GAMMA Investing LLC increased its stake in Palantir Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company's stock valued at $1,912,000 after acquiring an additional 9,810 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in Palantir Technologies by 33.4% in the first quarter. Johnson Investment Counsel Inc. now owns 8,950 shares of the company's stock valued at $755,000 after acquiring an additional 2,242 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Palantir Technologies by 198.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 79,954 shares of the company's stock valued at $6,748,000 after purchasing an additional 53,125 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock worth $239,713,896 over the last three months. 9.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PLTR shares. Mizuho set a $165.00 price objective on Palantir Technologies in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and boosted their target price for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $141.28.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $178.15 on Friday. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $190.00. The company's 50 day moving average price is $171.52 and its 200-day moving average price is $143.25. The stock has a market capitalization of $422.63 billion, a price-to-earnings ratio of 593.85, a P/E/G ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the prior year, the company posted $0.09 EPS. The firm's revenue for the quarter 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. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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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