Palantir Technologies Inc. $PLTR Shares Bought by Linden Thomas Advisory Services LLC

Key Points

• Linden Thomas Advisory Services LLC increased its stake in Palantir Technologies by 2.7%, owning 66,630 shares valued at approximately $9.08 million, which represents 1.0% of its investment portfolio.
• Palantir Technologies' shares saw a 2.3% increase in trading, reaching $184.63, with a market capitalization of $438.01 billion and a 52-week price range of $40.90 to $190.00.
• The company reported Q2 earnings of $0.16 per share, exceeding analyst expectations and marking a 48% year-over-year revenue increase, totaling $1 billion for the quarter.

Linden Thomas Advisory Services LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,630 shares of the company's stock after acquiring an additional 1,733 shares during the quarter. Palantir Technologies comprises 1.0% of Linden Thomas Advisory Services LLC's investment portfolio, making the stock its 6th biggest holding. Linden Thomas Advisory Services LLC's holdings in Palantir Technologies were worth $9,083,000 as of its most recent filing with the Securities and Exchange Commission.

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

Palantir Technologies Stock Up 2.3%

Shares of PLTR stock traded up $4.15 during mid-day trading on Friday, hitting $184.63. 34,723,266 shares of the company's stock were exchanged, compared to its average volume of 46,620,824. Palantir Technologies Inc. has a fifty-two week low of $40.90 and a fifty-two week high of $190.00. The stock has a 50-day simple moving average of $171.35 and a two-hundred day simple moving average of $146.34. The stock has a market cap of $438.01 billion, a price-to-earnings ratio of 615.45, a PEG ratio of 9.78 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data 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. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business's 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. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the business's stock in a transaction dated 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 owned 702,786 shares in the company, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock valued at $239,713,896 in the last ninety days. Company insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Loop Capital raised their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Piper Sandler raised their price target on Palantir Technologies from $182.00 to $201.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 14th. Finally, 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. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $141.28.

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.

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