MGO One Seven LLC Buys 19,472 Shares of Palantir Technologies Inc. $PLTR

Key Points

• MGO One Seven LLC increased its stake in Palantir Technologies by 52.2%, acquiring an additional 19,472 shares, bringing its total holdings to 56,796 shares valued at approximately $7.74 million.
• Palantir Technologies' stock performance shows a market cap of $416.20 billion, a recent high of $190.00, and a one-year low of $40.36, highlighting its volatility in the market.
• Analysts have mixed ratings on Palantir, with five rating it as a Buy, fifteen as a Hold, and two as a Sell, along with a consensus price target of $140.22.

MGO One Seven LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 52.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,796 shares of the company's stock after purchasing an additional 19,472 shares during the period. MGO One Seven LLC's holdings in Palantir Technologies were worth $7,742,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mechanics Financial Corp bought a new position in Palantir Technologies during the 1st quarter worth $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies during the 1st quarter worth $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the 1st quarter worth $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies during the 2nd quarter worth $31,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Cantor Fitzgerald raised their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price objective for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Loop Capital lifted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Finally, DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and a consensus price target of $140.22.

Palantir Technologies Price Performance

Shares of PLTR opened at $175.44 on Monday. The stock has a 50-day moving average of $171.32 and a 200-day moving average of $140.40. The company has a market cap of $416.20 billion, a PE ratio of 584.82, a P/E/G ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $40.36 and a one year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business 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 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of the firm's stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock worth $244,714,146 over the last 90 days. 12.93% of the stock is owned by company insiders.

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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