Samalin Investment Counsel LLC Takes Position in Palantir Technologies Inc. $PLTR

Key Points

• Samalin Investment Counsel LLC purchased a new stake in Palantir Technologies, acquiring 5,418 shares valued at approximately $457,000.
• Palantir Technologies reported a significant earnings increase with $1 billion in revenue for the quarter, surpassing analysts' expectations, and earnings per share of $0.16.
• Insider trading activity saw a 99.63% decrease in ownership for one insider, Stephen Andrew Cohen, who sold over 160,000 shares for nearly $25 million.

Samalin Investment Counsel LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,418 shares of the company's stock, valued at approximately $457,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allegiance Financial Group Advisory Services LLC raised its position in shares of Palantir Technologies by 3.0% in the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock valued at $246,000 after buying an additional 84 shares in the last quarter. Sovran Advisors LLC increased its stake in Palantir Technologies by 1.8% in the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock valued at $460,000 after acquiring an additional 94 shares during the last quarter. Lodestone Wealth Management LLC increased its stake in Palantir Technologies by 1.1% in the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after acquiring an additional 97 shares during the last quarter. Continuum Advisory LLC increased its stake in Palantir Technologies by 3.8% in the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after acquiring an additional 98 shares during the last quarter. Finally, Kathmere Capital Management LLC increased its stake in Palantir Technologies by 0.5% in the first quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock valued at $1,531,000 after acquiring an additional 99 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $160.87 on Wednesday. The firm's fifty day moving average price is $154.37 and its two-hundred day moving average price is $122.57. The stock has a market cap of $381.64 billion, a PE ratio of 536.25, a PEG ratio of 8.86 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $29.31 and a fifty-two week high of $190.00.

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

Insider Activity

In related news, insider Stephen Andrew Cohen sold 160,164 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $24,945,543.00. Following the sale, the insider owned 592 shares of the company's stock, valued at $92,204. The trade was a 99.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 9,211 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $1,434,613.25. Following the completion of the sale, the insider directly owned 343,518 shares in the company, valued at approximately $53,502,928.50. This represents a 2.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,906,783 shares of company stock valued at $282,471,442. 12.93% of the stock is currently owned by insiders.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. Citigroup reissued a "neutral" rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. UBS Group reissued a "neutral" rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Finally, 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. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $136.61.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.