Palantir Technologies Inc. $PLTR is Orion Investment Co's 4th Largest Position

Key Points

• Orion Investment Co increased its stake in Palantir Technologies by 10.7% in the first quarter, making it the company's 4th largest position, with holdings worth approximately $10.9 million.
• Palantir Technologies reported $1 billion in revenue for the quarter, exceeding analysts' expectations and marking a 48% increase year-over-year.
• Analysts have varied opinions on Palantir, with four giving it a "Buy" rating, sixteen a "Hold" rating, and two a "Sell" rating, reflecting a consensus price target of $136.61.

Orion Investment Co grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,362 shares of the company's stock after buying an additional 12,452 shares during the period. Palantir Technologies accounts for 4.5% of Orion Investment Co's investment portfolio, making the stock its 4th biggest position. Orion Investment Co's holdings in Palantir Technologies were worth $10,918,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC boosted its holdings in shares of Palantir Technologies by 1.6% during the first quarter. Truvestments Capital LLC now owns 12,510 shares of the company's stock worth $1,056,000 after purchasing an additional 199 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth $27,000. B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Palantir Technologies by 23.5% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 78,704 shares of the company's stock worth $6,643,000 after purchasing an additional 14,954 shares during the last quarter. Delta Investment Management LLC boosted its holdings in shares of Palantir Technologies by 1.9% during the first quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock worth $398,000 after purchasing an additional 90 shares during the last quarter. Finally, Silvant Capital Management LLC boosted its holdings in shares of Palantir Technologies by 7.6% during the first quarter. Silvant Capital Management LLC now owns 249,241 shares of the company's stock worth $21,036,000 after purchasing an additional 17,698 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

Shares of PLTR opened at $156.72 on Thursday. The stock's 50-day moving average is $154.71 and its two-hundred day moving average is $122.81. The stock has a market cap of $371.79 billion, a PE ratio of 522.42, a P/E/G ratio of 9.07 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $29.31 and a 12 month high of $190.00.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PLTR shares. Loop Capital raised their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $116.00 to $135.00 in a report on Wednesday, July 16th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. Finally, Bank of America lifted their target price on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $136.61.

Insider Transactions at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,076 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $167,587.00. Following the completion of the sale, the insider directly owned 53,764 shares of the company's stock, valued at $8,373,743. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Andrew Cohen sold 160,164 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $24,945,543.00. Following the completion of the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $92,204. This represents a 99.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,906,783 shares of company stock valued at $282,471,442 over the last 90 days. Corporate insiders own 9.23% of the company's stock.

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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