Palantir Technologies Inc. $PLTR Shares Purchased by Sage Mountain Advisors LLC

Key Points

• Sage Mountain Advisors LLC increased its holdings in Palantir Technologies Inc. by 40.2% during the second quarter, now owning a total of 12,957 shares valued at $1,766,000.
• Palantir Technologies reported $1 billion in revenue for the last quarter, exceeding analyst expectations of $939.29 million, and has set a fiscal year 2025 guidance.
• Wall Street analysts have mixed opinions on Palantir, with the consensus rating currently at "Hold" and a target price averaging $141.28.

Sage Mountain Advisors LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 40.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,957 shares of the company's stock after purchasing an additional 3,717 shares during the period. Sage Mountain Advisors LLC's holdings in Palantir Technologies were worth $1,766,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. AlphaQuest LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $50,000. Moloney Securities Asset Management LLC raised its position in shares of Palantir Technologies by 1.7% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 17,909 shares of the company's stock valued at $2,441,000 after purchasing an additional 296 shares in the last quarter. Jackson Hole Capital Partners LLC raised its position in shares of Palantir Technologies by 42.2% in the 2nd quarter. Jackson Hole Capital Partners LLC now owns 5,395 shares of the company's stock valued at $735,000 after purchasing an additional 1,600 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Palantir Technologies by 836.2% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 15,859 shares of the company's stock valued at $2,162,000 after purchasing an additional 14,165 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Palantir Technologies by 128,009.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 103,769 shares of the company's stock valued at $14,146,000 after purchasing an additional 103,688 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PLTR shares. The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company 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 company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada upped their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Five equities 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 data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $141.28.

Palantir Technologies Stock Up 2.3%

Shares of PLTR stock opened at $184.63 on Friday. The stock has a 50-day simple moving average of $171.35 and a 200 day simple moving average of $146.34. 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 market capitalization of $438.01 billion, a P/E ratio of 615.45, a P/E/G ratio of 9.78 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 for the quarter, beating 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 during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter last year, the business posted $0.09 earnings per share. The company'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, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction 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 $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company's stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last 90 days. 9.23% of the stock is owned by insiders.

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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