Mitchell Mcleod Pugh & Williams Inc. Has $1.98 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Mitchell Mcleod Pugh & Williams Inc. increased its stake in Palantir Technologies by 10.8%, now owning 14,530 shares valued at approximately $1.98 million.
• Several institutional investors have also boosted their holdings in Palantir, with 45.65% of the stock being owned by such investors.
• Equities analysts have mixed ratings on the stock, with an average rating of "Hold" and a consensus price target of $141.28.

Mitchell Mcleod Pugh & Williams Inc. raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,530 shares of the company's stock after acquiring an additional 1,420 shares during the period. Mitchell Mcleod Pugh & Williams Inc.'s holdings in Palantir Technologies were worth $1,981,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ignite Planners LLC raised its holdings in Palantir Technologies by 0.4% in the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company's stock valued at $2,094,000 after acquiring an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. raised its holdings in shares of Palantir Technologies by 1.3% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock worth $747,000 after buying an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its holdings in shares of Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock worth $1,007,000 after buying an additional 73 shares in the last quarter. Boomfish Wealth Group LLC raised its holdings in shares of Palantir Technologies by 2.7% during the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company's stock worth $379,000 after buying an additional 73 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of Palantir Technologies by 3.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock worth $329,000 after buying an additional 80 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Bank of America boosted their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. The Goldman Sachs Group boosted their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Royal Bank Of Canada boosted their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Finally, Citigroup reissued a "neutral" rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $141.28.

Palantir Technologies Stock Up 1.4%

Shares of PLTR stock opened at $179.74 on Wednesday. The firm has a market capitalization of $426.40 billion, a P/E ratio of 599.15, a P/E/G ratio of 9.61 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $40.36 and a twelve month high of $190.00. The stock's fifty day simple moving average is $171.78 and its 200 day simple moving average is $141.31.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies's quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares of the company's stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company's stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. Corporate insiders own 12.93% of the company's stock.

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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