R Squared Ltd Takes $1.97 Million Position in Palantir Technologies Inc. $PLTR

Key Points

• R Squared Ltd acquired a new position in Palantir Technologies, purchasing 14,464 shares valued at approximately $1.97 million, making it the firm's 7th largest position.
• Palantir's quarterly earnings exceeded expectations with $0.16 EPS on revenue of $1 billion, marking a 48% increase year-over-year.
• Insider trading saw significant activity, with two executives collectively selling over 414,000 shares valued at approximately $62 million on August 20th.

R Squared Ltd purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,464 shares of the company's stock, valued at approximately $1,972,000. Palantir Technologies comprises about 1.1% of R Squared Ltd's portfolio, making the stock its 7th largest position.

A number of other large investors have also recently bought and sold shares of PLTR. AlTi Global Inc. acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $472,000. GenTrust LLC boosted its holdings in Palantir Technologies by 0.3% during the 2nd quarter. GenTrust LLC now owns 46,315 shares of the company's stock valued at $6,314,000 after acquiring an additional 130 shares during the period. 180 Wealth Advisors LLC boosted its stake in shares of Palantir Technologies by 2.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 7,412 shares of the company's stock valued at $1,010,000 after buying an additional 198 shares during the period. Guardian Asset Advisors LLC raised its position in shares of Palantir Technologies by 11.7% during the 2nd quarter. Guardian Asset Advisors LLC now owns 30,603 shares of the company's stock worth $4,172,000 after acquiring an additional 3,207 shares in the last quarter. Finally, Carnegie Investment Counsel increased its position in Palantir Technologies by 2.2% during the second quarter. Carnegie Investment Counsel now owns 121,674 shares of the company's stock worth $16,587,000 after buying an additional 2,630 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $180.48 on Friday. The stock's 50-day moving average is $171.20 and its two-hundred day moving average is $145.60. The firm has a market cap of $428.16 billion, a P/E ratio of 601.62, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $40.90 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly 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 return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the company posted $0.09 earnings per share. 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. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the sale, the insider owned 6,432,258 shares of the company's stock, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock worth $239,713,896 over the last three months. Company insiders own 9.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PLTR shares. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Bank of America boosted their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. UBS Group restated a "neutral" rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Finally, Mizuho set a $165.00 price target on Palantir Technologies in a report on Monday, September 15th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $141.28.

Palantir Technologies 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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