PKS Advisory Services LLC Raises Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• PKS Advisory Services LLC increased its stake in Palantir Technologies Inc. by 66.7%, holding a total of 5,227 shares valued at approximately $464,000.
• Palantir's stock saw several analysts upgrading its ratings, with a consensus price target of $136.61 and multiple firms giving it a "buy" or "neutral" rating.
• Insiders have sold over 1.9 million shares of Palantir stock valued at approximately $282 million in recent transactions, reducing their ownership percentage to 12.93%.

PKS Advisory Services LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 66.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,227 shares of the company's stock after purchasing an additional 2,091 shares during the period. PKS Advisory Services LLC's holdings in Palantir Technologies were worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth $450,000. Berger Financial Group Inc purchased a new position in Palantir Technologies in the fourth quarter valued at $282,000. The Manufacturers Life Insurance Company increased its holdings in Palantir Technologies by 0.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,248,083 shares of the company's stock valued at $94,393,000 after buying an additional 10,057 shares in the last quarter. AQR Capital Management LLC increased its holdings in Palantir Technologies by 216.6% in the fourth quarter. AQR Capital Management LLC now owns 1,636,828 shares of the company's stock valued at $123,793,000 after buying an additional 1,119,795 shares in the last quarter. Finally, Owen LaRue LLC increased its holdings in Palantir Technologies by 1.1% in the fourth quarter. Owen LaRue LLC now owns 127,893 shares of the company's stock valued at $9,673,000 after buying an additional 1,430 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Palantir Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Loop Capital lifted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald lifted their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Mizuho raised shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and a consensus price target of $136.61.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the transaction, the insider directly owned 363,755 shares in the company, valued at approximately $49,219,689.05. The trade was a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,906,783 shares of company stock valued at $282,471,442. Insiders own 12.93% of the company's stock.

Palantir Technologies Stock Up 2.4%

Shares of NASDAQ PLTR opened at $160.87 on Wednesday. The company's 50-day simple moving average is $154.37 and its 200-day simple moving average is $122.57. Palantir Technologies Inc. has a 52-week low of $29.31 and a 52-week high of $190.00. The firm has a market cap of $381.64 billion, a price-to-earnings ratio of 536.25, a price-to-earnings-growth ratio of 8.86 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) 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 business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the business earned $0.09 earnings per share. The company's revenue for the quarter 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 research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

About Palantir Technologies

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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