Strategic Investment Solutions Inc. IL Purchases 7,619 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Strategic Investment Solutions Inc. significantly increased its holdings in Palantir Technologies by 239.7%, acquiring an additional 7,619 shares during the second quarter, bringing its total ownership to 10,798 shares valued at approximately $1.47 million.
• Palantir Technologies reported earnings of $0.16 per share for the quarter, surpassing analyst expectations, with revenue reaching $1 billion, a 48% increase year-over-year.
• Recent insider selling at Palantir saw executives sell a total of 1.63 million shares worth approximately $250 million, indicating significant fluctuations in insider positions.

Strategic Investment Solutions Inc. IL grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 239.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,798 shares of the company's stock after purchasing an additional 7,619 shares during the quarter. Strategic Investment Solutions Inc. IL's holdings in Palantir Technologies were worth $1,472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Northern Trust Corp raised its holdings in Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock valued at $1,650,310,000 after acquiring an additional 64,973 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies in the second quarter valued at $2,543,888,000. Invesco Ltd. grew its position in shares of Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after purchasing an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Palantir Technologies by 38.5% during the 1st 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, Charles Schwab Investment Management Inc. lifted its holdings in Palantir Technologies by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock worth $1,149,055,000 after purchasing an additional 571,544 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 0.2%

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

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating 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 company 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 company posted $0.09 EPS. Palantir Technologies'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. As a group, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the company'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 transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of the company'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 in the company, valued at $89,611.04. The trade was a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,634,634 shares of company stock worth $250,524,804 over the last three months. 9.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PLTR. Loop Capital increased their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. UBS Group reaffirmed a "neutral" rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Citigroup restated a "neutral" rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $140.22.

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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