Palantir Technologies Inc. $PLTR Stake Raised by Clarity Financial LLC

Key Points

• Clarity Financial LLC increased its stake in Palantir Technologies by 23.6%, owning 222,019 shares worth approximately $30.3 million as of the latest financial disclosure.
• Palantir reported a net revenue of $1 billion for the last quarter, exceeding analysts' expectations and marking a 48% increase compared to the same period last year.
• Insider David A. Glazer sold 81,000 shares of Palantir stock, representing a 15.82% decrease in his ownership of the company.

Clarity Financial LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 23.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,019 shares of the company's stock after acquiring an additional 42,372 shares during the quarter. Palantir Technologies comprises about 3.3% of Clarity Financial LLC's portfolio, making the stock its 9th largest position. Clarity Financial LLC's holdings in Palantir Technologies were worth $30,266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Woodward Diversified Capital LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at $224,000. TPG Advisors LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at $218,000. Precision Wealth Strategies LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at $2,137,000. Newman Dignan & Sheerar Inc. raised its stake in shares of Palantir Technologies by 11.8% in the second quarter. Newman Dignan & Sheerar Inc. now owns 4,836 shares of the company's stock valued at $659,000 after acquiring an additional 509 shares during the period. Finally, SOA Wealth Advisors LLC. raised its stake in shares of Palantir Technologies by 45.5% in the second quarter. SOA Wealth Advisors LLC. now owns 2,176 shares of the company's stock valued at $297,000 after acquiring an additional 680 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $184.95 on Thursday. Palantir Technologies Inc. has a one year low of $36.15 and a one year high of $190.00. The company has a market capitalization of $438.76 billion, a price-to-earnings ratio of 616.52, a price-to-earnings-growth ratio of 10.18 and a beta of 2.60. The company's 50-day simple moving average is $167.97 and its two-hundred day simple moving average is $135.33.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same period last year, the business earned $0.09 EPS. The company's revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares of the company's stock, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,676,722 over the last ninety days. Company insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PLTR. Loop Capital increased their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Citigroup reaffirmed a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price target for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Four 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, the company presently has a consensus rating of "Hold" and an average price target of $140.22.

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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