Second Half Financial Partners LLC Acquires Shares of 1,679 Palantir Technologies Inc. $PLTR

Key Points

• Second Half Financial Partners LLC purchased 1,679 shares of Palantir Technologies Inc., valued at approximately $229,000, indicating growing institutional interest in the company.
• Palantir's stock received multiple target price upgrades from analysts, with estimates ranging from $45.00 to $200.00, reflecting mixed market sentiment.
• Recent insider selling activity was noted, with insiders offloading approximately 1.6 million shares worth nearly $245 million, suggesting potential concerns about stock performance.

Second Half Financial Partners LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,679 shares of the company's stock, valued at approximately $229,000.

Other institutional investors have also recently bought and sold shares of the company. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies in the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $31,000. Adirondack Trust Co. raised its position in shares of Palantir Technologies by 185.0% in the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company's stock valued at $39,000 after buying an additional 185 shares in the last quarter. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $25,000. Finally, JNBA Financial Advisors raised its position in shares of Palantir Technologies by 200.0% in the 2nd quarter. JNBA Financial Advisors now owns 300 shares of the company's stock valued at $41,000 after buying an additional 200 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research report on Monday, September 15th. UBS Group reiterated a "neutral" rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $140.22.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the transaction, the insider directly owned 50,961 shares of the company's stock, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction on 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 transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,591,085 shares of company stock worth $244,714,146. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $175.44 on Friday. The firm's fifty day moving average is $171.32 and its 200-day moving average is $140.05. Palantir Technologies Inc. has a 52 week low of $40.36 and a 52 week high of $190.00. The firm has a market cap of $416.20 billion, a P/E ratio of 584.82, a P/E/G ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the firm posted $0.09 EPS. The company's quarterly revenue 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. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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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