Palantir Technologies Inc. $PLTR Shares Bought by Vantage Point Financial LLC

Key Points

• Vantage Point Financial LLC increased its holdings in Palantir Technologies by 29.2% during the 2nd quarter, owning approximately $945,000 worth of shares.
• Recent analyst reports have given mixed ratings on Palantir, with the consensus rating at "Hold" and an average price target of $140.22.
• Insider trading activity is notable, with significant share sales by multiple executives, indicating a 9.23% ownership by insiders after selling over 1.5 million shares in the last quarter.

Vantage Point Financial LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 29.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,932 shares of the company's stock after purchasing an additional 1,565 shares during the quarter. Vantage Point Financial LLC's holdings in Palantir Technologies were worth $945,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Northern Trust Corp increased its position in shares of Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock valued at $1,650,310,000 after purchasing an additional 64,973 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter worth $2,543,888,000. Invesco Ltd. grew its holdings in shares of Palantir Technologies by 20.3% in the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock worth $1,497,843,000 after acquiring an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock worth $1,149,055,000 after acquiring an additional 571,544 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" 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. Royal Bank Of Canada lifted their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and lifted their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $140.22.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director owned 62,087 shares of the company's stock, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction 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 of the company's stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,591,085 shares of company stock valued at $244,714,146. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Trading Up 1.0%

Shares of PLTR stock opened at $185.47 on Friday. Palantir Technologies Inc. has a 1-year low of $40.36 and a 1-year high of $190.00. The company has a market capitalization of $440.00 billion, a price-to-earnings ratio of 618.25, a P/E/G ratio of 9.95 and a beta of 2.60. The stock's fifty day simple moving average is $170.89 and its 200-day simple moving average is $139.18.

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 for the quarter, beating analysts' consensus estimates 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 return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

About Palantir Technologies

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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