Palantir Technologies Inc. $PLTR Shares Acquired by RFG Holdings Inc.

Key Points

• RFG Holdings Inc. increased its stake in Palantir Technologies by 25.3%, acquiring an additional 3,243 shares, bringing its total ownership to 16,044 shares worth approximately $2.2 million.
• Multiple institutional investors, including Optima Capital LLC and Allegiance Financial Group Advisory Services LLC, have also increased their positions in Palantir Technologies during the first quarter.
• Palantir Technologies reported Q2 earnings of $0.16 per share, surpassing estimates, and experienced a 48% year-over-year revenue growth to reach $1 billion for the quarter.

RFG Holdings Inc. increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 25.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,044 shares of the company's stock after buying an additional 3,243 shares during the quarter. Palantir Technologies comprises approximately 0.6% of RFG Holdings Inc.'s portfolio, making the stock its 20th biggest holding. RFG Holdings Inc.'s holdings in Palantir Technologies were worth $2,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLTR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock worth $984,786,000 after buying an additional 1,135,841 shares in the last quarter. Hummer Financial Advisory Services Inc acquired a new stake in Palantir Technologies during the 2nd quarter valued at $225,000. Bank of New Hampshire increased its stake in shares of Palantir Technologies by 11.4% in the 2nd quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock valued at $2,705,000 after buying an additional 2,023 shares during the period. Fox Hill Wealth Management grew its stake in shares of Palantir Technologies by 5.9% during the second quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock worth $5,653,000 after purchasing an additional 2,325 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock valued at $4,191,000 after acquiring an additional 6,479 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider David A. Glazer sold 81,000 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the sale, the insider directly owned 592 shares of the company's stock, valued at $89,611.04. This represents a 99.69% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,625,634 shares of company stock worth $248,926,404. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR stock traded up $5.42 on Friday, hitting $182.39. The company had a trading volume of 108,970,930 shares, compared to its average volume of 60,474,068. Palantir Technologies Inc. has a twelve month low of $35.71 and a twelve month high of $190.00. The stock's 50-day moving average is $163.32 and its two-hundred day moving average is $130.19. The firm has a market cap of $432.69 billion, a P/E ratio of 607.99, a P/E/G ratio of 10.28 and a beta of 2.59.

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 (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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

PLTR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and upped their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Loop Capital increased their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Bank of America upped their price target on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Palantir Technologies has an average rating of "Hold" and an average price target of $138.28.

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.