SLT Holdings LLC Has $1.50 Million Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• SLT Holdings LLC increased its stake in Palantir Technologies Inc. by 101.4% during the second quarter, owning a total of 11,019 shares worth approximately $1.50 million.
• Palantir Technologies reported earnings of $0.16 per share for the last quarter, exceeding analyst expectations by $0.02, with revenue increasing by 48.0% year-over-year to $1 billion.
• Several analysts have updated their price targets for Palantir, with Deutsche Bank raising its target from $80 to $160, while Citigroup set a target of $177.00, reflecting a generally optimistic outlook on the stock.

SLT Holdings LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 101.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,019 shares of the company's stock after buying an additional 5,547 shares during the quarter. Palantir Technologies makes up approximately 1.2% of SLT Holdings LLC's portfolio, making the stock its 20th largest position. SLT Holdings LLC's holdings in Palantir Technologies were worth $1,502,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the second quarter worth $25,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Palantir Technologies in the second quarter worth $31,000. Adirondack Trust Co. boosted its position in Palantir Technologies by 185.0% during the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after acquiring an additional 185 shares during the period. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the 1st quarter worth about $25,000. Finally, Park Place Capital Corp boosted its position in Palantir Technologies by 48.1% during the 2nd quarter. Park Place Capital Corp now owns 308 shares of the company's stock worth $40,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings restated a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price target for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Citigroup reissued a "neutral" rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 target price on Palantir Technologies in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $140.22.

Palantir Technologies Trading Down 5.4%

PLTR stock opened at $175.44 on Friday. Palantir Technologies Inc. has a 1 year low of $40.36 and a 1 year high of $190.00. The company has a fifty day simple moving average of $171.32 and a 200 day simple moving average of $139.72. The firm has a market cap of $416.20 billion, a PE ratio of 584.82, a PEG ratio of 10.05 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) 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 business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the business earned $0.09 EPS. Palantir Technologies's quarterly 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. As a group, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director owned 62,087 shares of the company's stock, valued at $11,572,395.93. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,591,085 shares of company stock valued at $244,714,146. 9.23% of the stock is owned by corporate insiders.

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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