Sowell Financial Services LLC Has $10.56 Million Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Sowell Financial Services LLC increased its holdings in Palantir Technologies by 24.7% during the 2nd quarter, owning 77,426 shares valued at approximately $10,555,000.
• Analysts have set varied target prices for Palantir, with Mizuho at $165.00 and Citigroup at $177.00, while the consensus rating remains "Hold" with an average target price of $138.28.
• Palantir reported $1 billion in revenue for the last quarter, exceeding expectations, and posted 48.0% year-over-year revenue growth.

Sowell Financial Services LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 24.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,426 shares of the company's stock after acquiring an additional 15,336 shares during the period. Sowell Financial Services LLC's holdings in Palantir Technologies were worth $10,555,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PLTR. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the 1st quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies in the first quarter worth about $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies in the first quarter worth about $27,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies in the second quarter worth about $31,000. Finally, Richardson Capital Management LLC acquired a new position in shares of Palantir Technologies in the first quarter worth about $33,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 21,000 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $165.95, for a total value of $3,484,950.00. Following the completion of the sale, the director directly owned 59,794 shares of the company's stock, valued at $9,922,814.30. This represents a 25.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the company's 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. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,625,634 shares of company stock worth $248,926,404. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Stock Up 3.1%

PLTR traded up $5.42 during trading on Friday, reaching $182.39. 108,970,930 shares of the company's stock were exchanged, compared to its average volume of 60,825,608. Palantir Technologies Inc. has a fifty-two week low of $35.71 and a fifty-two week high of $190.00. The business has a 50 day moving average price of $163.32 and a 200 day moving average price of $130.54. The company has a market capitalization of $432.69 billion, a P/E ratio of 607.99, a PEG ratio of 10.28 and a beta of 2.59.

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

Analysts Set New Price Targets

Several brokerages have commented on PLTR. The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Bank of America raised their price target on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Finally, Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research report on Monday, September 15th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $138.28.

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.