Silver Oak Securities Incorporated Purchases 4,300 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Silver Oak Securities Incorporated increased its holdings in Palantir Technologies by 30.5%, now owning a total of 18,398 shares valued at approximately $2.5 million.
• Palantir Technologies reported a 48% increase in revenue year-over-year, with revenue reaching $1 billion for the last quarter and an EPS of $0.16, surpassing analyst expectations.
• Recent insider trades included the sale of 375,000 shares by insider Shyam Sankar, significantly reducing their stake by 34.79% after a total selling amount of around $56.7 million.

Silver Oak Securities Incorporated raised its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 30.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,398 shares of the company's stock after purchasing an additional 4,300 shares during the quarter. Silver Oak Securities Incorporated's holdings in Palantir Technologies were worth $2,508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth approximately $2,543,888,000. Nuveen LLC acquired a new position in shares of Palantir Technologies during the first quarter worth $520,232,000. Price T Rowe Associates Inc. MD grew its stake in shares of Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after purchasing an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the period. Finally, Amundi raised its position in Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company's stock worth $887,857,000 after purchasing an additional 3,815,386 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PLTR shares. Loop Capital upped their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Cantor Fitzgerald increased their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the stock a "neutral" rating in a research note 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.com, the company has an average rating of "Hold" and a consensus price target of $138.28.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider owned 592 shares of the company's stock, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the sale, the insider owned 702,786 shares of the company's stock, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,625,634 shares of company stock worth $248,926,404 in the last quarter. Company insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock traded down $3.06 during trading on Monday, reaching $179.33. 45,532,430 shares of the company traded hands, compared to its average volume of 88,975,352. The firm has a market capitalization of $425.43 billion, a PE ratio of 597.79, a P/E/G ratio of 10.28 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $36.05 and a 1-year high of $190.00. The company has a 50 day moving average price of $163.32 and a 200-day moving average price of $130.54.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business's revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect 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.