RPG Investment Advisory LLC Has $39.78 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• RPG Investment Advisory LLC increased its holdings in Palantir Technologies by 44.4% in Q1, owning 471,322 shares worth approximately $39.78 million.
• Several institutional investors made significant changes to their positions in Palantir Technologies, with 45.65% of the company's stock now owned by such investors.
• Palantir Technologies reported $1 billion in revenue for the last quarter, exceeding expectations and reflecting a 48% year-over-year growth.

RPG Investment Advisory LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 44.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 471,322 shares of the company's stock after acquiring an additional 145,015 shares during the period. Palantir Technologies accounts for 2.8% of RPG Investment Advisory LLC's portfolio, making the stock its 7th largest holding. RPG Investment Advisory LLC's holdings in Palantir Technologies were worth $39,780,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the first quarter valued at approximately $25,000. Richardson Capital Management LLC bought a new position in Palantir Technologies in the 1st quarter worth approximately $33,000. Cornerstone Planning Group LLC raised its position in Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the last quarter. Finally, Capital Analysts LLC raised its position in Palantir Technologies by 97.1% in the 1st quarter. Capital Analysts LLC now owns 406 shares of the company's stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of 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. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and upped their target price for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Finally, UBS Group reissued a "neutral" rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $136.61.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $156.18 on Friday. The company's 50-day moving average price is $153.18 and its two-hundred day moving average price is $121.39. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The stock has a market capitalization of $370.51 billion, a PE ratio of 520.62, a price-to-earnings-growth ratio of 8.79 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping 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 firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same period in the previous year, the firm posted $0.09 EPS. The company's revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Eric H. Woersching sold 10,214 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total value of $1,337,523.30. Following the sale, the director directly owned 2,348 shares of the company's stock, valued at approximately $307,470.60. This represents a 81.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total transaction of $111,688.00. Following the completion of the sale, the director directly owned 62,887 shares in the company, valued at approximately $8,779,654.07. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 529,684 shares of company stock valued at $71,900,350. Corporate insiders own 9.23% of the company's stock.

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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