Palantir Technologies Inc. $PLTR Shares Acquired by Yousif Capital Management LLC

Key Points

• Yousif Capital Management LLC increased its position in Palantir Technologies by 2.6%, acquiring a total of 249,810 shares valued at approximately $34 million.
• Palantir's stock has seen a 5.4% decline recently, with a current price of $175.44 compared to a 52-week high of $190.00.
• The company reported $1 billion in quarterly revenue, surpassing estimates of $939.29 million and reflecting a year-over-year increase of 48%.

Yousif Capital Management LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,810 shares of the company's stock after purchasing an additional 6,294 shares during the period. Yousif Capital Management LLC's holdings in Palantir Technologies were worth $34,054,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MGO One Seven LLC lifted its stake in shares of Palantir Technologies by 52.2% in the 2nd quarter. MGO One Seven LLC now owns 56,796 shares of the company's stock valued at $7,742,000 after purchasing an additional 19,472 shares in the last quarter. SW Investment Management LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $20,448,000. Presilium Private Wealth LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $204,000. Bill Few Associates Inc. acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $248,000. Finally, Ellis Investment Partners LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $249,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 5.4%

Shares of PLTR opened at $175.44 on Monday. The business's 50 day moving average is $171.32 and its two-hundred day moving average is $140.40. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00. The firm has a market cap of $416.20 billion, a price-to-earnings ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $939.29 million. During the same period in the prior year, the company posted $0.09 EPS. Palantir Technologies'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, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on PLTR. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Finally, Citigroup reissued a "neutral" rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research 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 company. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and an average price target of $140.22.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% 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 currently owned by corporate 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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