Signet Financial Management LLC Makes New $306,000 Investment in Palantir Technologies Inc. $PLTR

Key Points

• Signet Financial Management LLC has made a new investment of $306,000 in Palantir Technologies, purchasing 2,242 shares of the stock in the second quarter.
• Multiple institutional investors, including UBS AM and Golden State Equity Partners, have increased their stakes in Palantir Technologies, demonstrating rising confidence in the company.
• Palantir recently reported an earnings per share (EPS) of $0.16, surpassing analysts' expectations, with a year-over-year revenue increase of 48%.

Signet Financial Management LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,242 shares of the company's stock, valued at approximately $306,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Palantir Technologies by 10.8% during 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 during the last quarter. Golden State Equity Partners raised its stake in shares of Palantir Technologies by 10.1% during the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock worth $2,503,000 after buying an additional 1,677 shares during the last quarter. Hummer Financial Advisory Services Inc acquired a new position in shares of Palantir Technologies during the 2nd quarter worth $225,000. Bank of New Hampshire raised its stake in shares of Palantir Technologies by 11.4% during the 2nd quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock worth $2,705,000 after buying an additional 2,023 shares during the last quarter. Finally, Fox Hill Wealth Management raised its stake in shares of Palantir Technologies by 5.9% during the 2nd quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock worth $5,653,000 after buying an additional 2,325 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research reports. UBS Group reaffirmed a "neutral" rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. 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 note on Tuesday, August 5th. Finally, Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $140.22.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider owned 702,786 shares of the company's stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,634,634 shares of company stock worth $250,524,804. Company insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

PLTR opened at $179.12 on Friday. Palantir Technologies Inc. has a 12 month low of $36.05 and a 12 month high of $190.00. The stock has a market capitalization of $424.93 billion, a price-to-earnings ratio of 597.09, a price-to-earnings-growth ratio of 10.02 and a beta of 2.59. The business has a 50-day moving average of $165.68 and a two-hundred day moving average of $132.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the previous year, the business earned $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. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies Company 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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