Phoenix Financial Ltd. Buys New Shares in Palantir Technologies Inc. $PLTR

Key Points

• Phoenix Financial Ltd. acquired 17,468 shares of Palantir Technologies Inc. during the second quarter, valued at approximately $2,380,000, indicating continued institutional interest in the company.
• Recent analyst forecasts for Palantir have been mixed, with Bank of America raising its price target to $215 and Royal Bank of Canada lowering its rating to "underperform," reflecting varied confidence in the stock.
• Insider selling has been notable, with executive David A. Glazer selling 81,000 shares for over $12.5 million, signaling potential concerns from within the company's leadership.

Phoenix Financial Ltd. bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,468 shares of the company's stock, valued at approximately $2,380,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $450,000. Bison Wealth LLC raised its holdings in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after acquiring an additional 4,667 shares during the period. GAMMA Investing LLC raised its holdings in Palantir Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company's stock valued at $1,912,000 after acquiring an additional 9,810 shares during the period. Flagship Harbor Advisors LLC raised its holdings in Palantir Technologies by 27.2% during the first quarter. Flagship Harbor Advisors LLC now owns 30,191 shares of the company's stock valued at $2,548,000 after acquiring an additional 6,451 shares during the period. Finally, Continuum Advisory LLC raised its holdings in Palantir Technologies by 62.4% during the first quarter. Continuum Advisory LLC now owns 4,335 shares of the company's stock valued at $366,000 after acquiring an additional 1,665 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PLTR. Bank of America raised their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Royal Bank Of Canada raised their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Mizuho set a $165.00 target price on Palantir Technologies in a report on Monday, September 15th. Citigroup reaffirmed a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $141.28.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $181.51 on Wednesday. The firm has a market capitalization of $430.60 billion, a price-to-earnings ratio of 605.05, a PEG ratio of 9.84 and a beta of 2.60. The stock has a 50 day moving average price of $171.39 and a 200 day moving average price of $144.68. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly 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 during 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%.Palantir Technologies's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the company's stock in a transaction 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 approximately $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock valued at $239,713,896 over the last 90 days. Insiders own 12.93% of the company's stock.

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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