Pure Financial Advisors LLC Boosts Stock Holdings in Palantir Technologies Inc. $PLTR

Pure Financial Advisors LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 53.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,923 shares of the company's stock after purchasing an additional 5,925 shares during the period. Pure Financial Advisors LLC's holdings in Palantir Technologies were worth $2,307,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the second quarter worth $25,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Palantir Technologies in the second quarter worth $31,000. Adirondack Trust Co. increased its position in shares of Palantir Technologies by 185.0% in 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 acquired a new stake in shares of Palantir Technologies in the first quarter worth $25,000. Finally, Park Place Capital Corp increased its position in shares of Palantir Technologies by 48.1% in the second quarter. Park Place Capital Corp now owns 308 shares of the company's stock worth $40,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $187.05 on Friday. The firm has a market cap of $443.75 billion, a P/E ratio of 623.52, a P/E/G ratio of 10.32 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $37.37 and a 1-year high of $190.00. The firm has a fifty day moving average of $168.62 and a two-hundred day moving average of $136.02.

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, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other news, insider David A. Glazer sold 81,000 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,591,085 shares of company stock worth $244,676,722. Company insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PLTR shares. Loop Capital increased their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. UBS Group reaffirmed a "neutral" rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $140.22.

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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