Realta Investment Advisors Buys 13,392 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Realta Investment Advisors increased its stake in Palantir Technologies by 52.9% by purchasing 13,392 additional shares, bringing its total ownership to 38,692 shares valued at approximately $5.3 million.
• Insider sales included David A. Glazer selling 81,000 shares and Ryan D. Taylor selling 36,048 shares, decreasing their positions by 15.82% and 10.49% respectively.
• The stock has a consensus rating of "Hold" from analysts, with an average price target of $140.22, highlighting mixed expectations for future performance.

Realta Investment Advisors lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 52.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 38,692 shares of the company's stock after buying an additional 13,392 shares during the quarter. Palantir Technologies comprises about 2.1% of Realta Investment Advisors' portfolio, making the stock its 8th largest holding. Realta Investment Advisors' holdings in Palantir Technologies were worth $5,274,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies in the second quarter valued at about $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction 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 sale, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,591,085 shares of company stock valued at $244,676,722. 9.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PLTR. Cantor Fitzgerald lifted their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $140.22.

Palantir Technologies Price Performance

PLTR opened at $173.07 on Friday. The company has a market capitalization of $410.58 billion, a price-to-earnings ratio of 576.92, a P/E/G ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $38.78 and a 1 year high of $190.00. The firm's fifty day moving average price is $168.90 and its two-hundred day moving average price is $136.98.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current 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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