Kapstone Financial Advisors LLC Has $5.36 Million Stake in Palantir Technologies Inc. $PLTR

Key Points

• Kapstone Financial Advisors LLC has increased its stake in Palantir Technologies Inc. by 5.6%, holding 39,339 shares valued at approximately $5.36 million.
• Notable institutional investors like Goldman Sachs and Northern Trust have also significantly increased their positions in Palantir, which now has 45.65% of its stock held by institutional investors.
• In recent insider trading, key executives sold large amounts of stock, including Shyam Sankar who sold 30,000 shares for almost $4.79 million, indicating shifts in insider confidence.

Kapstone Financial Advisors LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,339 shares of the company's stock after buying an additional 2,086 shares during the quarter. Palantir Technologies makes up 2.7% of Kapstone Financial Advisors LLC's holdings, making the stock its 6th biggest holding. Kapstone Financial Advisors LLC's holdings in Palantir Technologies were worth $5,363,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the first quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter worth $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the first quarter worth $27,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies during the second quarter worth $31,000. Finally, Richardson Capital Management LLC acquired a new position in shares of Palantir Technologies during the first quarter worth $33,000. Institutional investors own 45.65% of the company's stock.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were 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. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,625,634 shares of company stock valued at $248,926,404. Corporate insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PLTR shares. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price target for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Loop Capital lifted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $138.28.

Palantir Technologies Stock Up 3.1%

PLTR traded up $5.42 during trading on Friday, reaching $182.39. 108,970,930 shares of the stock traded hands, compared to its average volume of 60,474,068. The stock has a market capitalization of $432.69 billion, a PE ratio of 607.99, a P/E/G ratio of 9.97 and a beta of 2.59. The stock's 50-day moving average is $163.32 and its 200 day moving average is $129.92. Palantir Technologies Inc. has a 12 month low of $35.71 and a 12 month high of $190.00.

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

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.