Northstar Advisory Group LLC Has $996,000 Position in Palantir Technologies Inc. $PLTR

Key Points

• Northstar Advisory Group LLC increased its stake in Palantir Technologies by 67% during Q2, owning 7,310 shares valued at approximately $996,000.
• In the first quarter, several institutional investors notably increased their holdings in Palantir, with Nuveen LLC acquiring shares valued at $520 million and Goldman Sachs Group Inc. acquiring shares worth $1.28 billion.
• Palantir Technologies reported a strong Q2 earnings beat, with $1 billion in revenue and an EPS of $0.16, up from $0.09 in the same quarter last year.

Northstar Advisory Group LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 67.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,310 shares of the company's stock after buying an additional 2,933 shares during the period. Northstar Advisory Group LLC's holdings in Palantir Technologies were worth $996,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Palantir Technologies during the first quarter valued at $520,232,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Amundi lifted its holdings in shares of Palantir Technologies by 56.1% during the first quarter. Amundi now owns 10,620,301 shares of the company's stock valued at $887,857,000 after acquiring an additional 3,815,386 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after acquiring an additional 2,998,716 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PLTR shares. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Loop Capital lifted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Four 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. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average price target of $136.61.

Palantir Technologies Stock Performance

Shares of PLTR opened at $171.43 on Monday. The stock has a 50 day simple moving average of $160.07 and a 200 day simple moving average of $127.42. Palantir Technologies Inc. has a 52-week low of $34.89 and a 52-week high of $190.00. The firm has a market capitalization of $406.69 billion, a PE ratio of 571.45, a P/E/G ratio of 9.66 and a beta of 2.59.

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 (EPS) for the quarter, beating 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 business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the firm earned $0.09 EPS. Palantir Technologies'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. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company's stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shyam Sankar sold 375,000 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares of the company's stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,604,634 shares of company stock worth $245,441,454. 12.93% of the stock is currently owned by insiders.

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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