Patriot Financial Group Insurance Agency LLC Acquires 1,550 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Patriot Financial Group Insurance Agency LLC has increased its stake in Palantir Technologies by 13.3%, now holding over 13,240 shares valued at approximately $1.8 million.
• Palantir Technologies reported $1 billion in revenue for its last quarter, surpassing analysts' expectations, with an EPS of $0.16 against a forecast of $0.14.
• Insider selling activity has been noted, with significant sales amounting to over $244 million in the past ninety days, indicating a 15.82% decrease in certain insiders' holdings.

Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,240 shares of the company's stock after acquiring an additional 1,550 shares during the period. Patriot Financial Group Insurance Agency LLC's holdings in Palantir Technologies were worth $1,805,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Palantir Technologies by 10.8% in the first 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 buying an additional 1,135,841 shares in the last quarter. Golden State Equity Partners raised its holdings in shares of Palantir Technologies by 10.1% during the second quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock valued at $2,503,000 after purchasing an additional 1,677 shares during the last quarter. FMB Wealth Management purchased a new stake in Palantir Technologies during the second quarter valued at approximately $223,000. Hummer Financial Advisory Services Inc purchased a new stake in Palantir Technologies during the second quarter valued at approximately $225,000. Finally, Bank of New Hampshire increased its holdings in Palantir Technologies by 11.4% during the second quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock valued at $2,705,000 after buying an additional 2,023 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $187.05 on Friday. The company has a market capitalization of $443.75 billion, a price-to-earnings ratio of 623.52, a price-to-earnings-growth ratio of 10.32 and a beta of 2.60. The company's 50-day simple moving average is $168.62 and its two-hundred day simple moving average is $136.02. Palantir Technologies Inc. has a one year low of $37.37 and a one year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The company'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. 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 Ratings Changes

PLTR has been the subject of a number of analyst reports. Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. 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. Finally, Citigroup reissued a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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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