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

Key Points

• XML Financial LLC increased its stake in Palantir Technologies by 71.7% during the second quarter, now owning 8,541 shares valued at approximately $1.16 million.
• Insider trading activity included significant sales by Jeffrey Buckley and David A. Glazer, reducing their respective positions by 5.21% and 15.82% after selling thousands of shares.
• Analysts have set new price targets for Palantir Technologies, with forecasts ranging from $45.00 to $215.00, reflecting mixed sentiments regarding the stock's future performance.

XML Financial LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 71.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,541 shares of the company's stock after purchasing an additional 3,566 shares during the period. XML Financial LLC's holdings in Palantir Technologies were worth $1,164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock worth $984,786,000 after purchasing an additional 1,135,841 shares in the last quarter. Golden State Equity Partners raised its stake in shares of Palantir Technologies by 10.1% during the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock worth $2,503,000 after purchasing an additional 1,677 shares in the last quarter. Hummer Financial Advisory Services Inc purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth about $225,000. Bank of New Hampshire raised its stake in shares of Palantir Technologies by 11.4% during the 2nd quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock worth $2,705,000 after purchasing an additional 2,023 shares in the last quarter. Finally, Fox Hill Wealth Management raised its stake in shares of Palantir Technologies by 5.9% during the 2nd quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock worth $5,653,000 after purchasing an additional 2,325 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of the firm's 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 1,591,085 shares of company stock worth $244,676,722. Insiders own 12.93% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PLTR. DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. UBS Group reissued a "neutral" rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. 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. Bank of America raised their price objective on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Finally, Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $140.22.

Palantir Technologies Stock Up 2.0%

PLTR opened at $182.42 on Wednesday. The firm has a market capitalization of $432.76 billion, a P/E ratio of 608.09, a price-to-earnings-growth ratio of 9.98 and a beta of 2.59. The stock's 50 day moving average price is $167.37 and its two-hundred day moving average price is $134.98. Palantir Technologies Inc. has a 12-month low of $36.05 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company's revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. 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 year.

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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