Patron Partners LLC Acquires 3,449 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Patron Partners LLC has increased its holdings in Palantir Technologies by 45.4%, acquiring an additional 3,449 shares, bringing their total to 11,046 shares, valued at approximately $1,506,000.
• Insider sales included significant transactions by David A. Glazer and Ryan D. Taylor, with Glazer selling 81,000 shares for over $12.5 million and Taylor selling 36,048 shares for about $5.7 million.
• Palantir Technologies has received upgraded price targets from several analysts, with a consensus target of $140.22, amidst mixed ratings where four analysts provided Buy ratings and fifteen issued Hold ratings.

Patron Partners LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 45.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,046 shares of the company's stock after acquiring an additional 3,449 shares during the period. Patron Partners LLC's holdings in Palantir Technologies were worth $1,506,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Family Legacy Financial Solutions LLC bought a new stake in Palantir Technologies during the second quarter worth about $31,000. Adirondack Trust Co. boosted its stake in Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after acquiring an additional 185 shares in the last quarter. Mechanics Financial Corp bought a new stake in Palantir Technologies during the first quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies during the first quarter worth about $27,000. Finally, 1248 Management LLC bought a new stake in Palantir Technologies during the first quarter worth about $27,000. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock valued at $250,524,804 over the last quarter. 9.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on PLTR shares. Royal Bank Of Canada boosted their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Finally, Mizuho set a $165.00 target price on shares of Palantir Technologies in a research note on Monday, September 15th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $140.22.

Palantir Technologies Stock Down 0.2%

Shares of Palantir Technologies stock opened at $179.12 on Friday. The company has a market cap of $424.93 billion, a price-to-earnings ratio of 597.09, a price-to-earnings-growth ratio of 10.02 and a beta of 2.59. The company's 50 day moving average is $165.68 and its 200 day moving average is $132.60. Palantir Technologies Inc. has a twelve month low of $36.05 and a twelve month 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 for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.

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