Symmetry Partners LLC Acquires Shares of 1,591 Palantir Technologies Inc. $PLTR

Key Points

• Symmetry Partners LLC has acquired 1,591 shares of Palantir Technologies Inc. worth approximately $217,000 in the 2nd quarter.
• Several institutional investors, including Revolve Wealth Partners LLC and Bison Wealth LLC, have also adjusted their holdings in Palantir Technologies during recent quarters.
• A consensus rating of "Hold" has been given to Palantir Technologies with an average price target of $140.22 according to various equities research analysts.

Symmetry Partners LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,591 shares of the company's stock, valued at approximately $217,000.

Several other institutional investors have also added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at $450,000. Bison Wealth LLC lifted its stake in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after buying an additional 4,667 shares during the period. NorthCrest Asset Manangement LLC acquired a new stake in Palantir Technologies in the fourth quarter worth $366,000. MassMutual Private Wealth & Trust FSB increased its position in Palantir Technologies by 52.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 7,704 shares of the company's stock valued at $650,000 after buying an additional 2,642 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Palantir Technologies by 17.2% in the 1st quarter. Versant Capital Management Inc now owns 5,252 shares of the company's stock worth $443,000 after purchasing an additional 772 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PLTR shares. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. 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. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $140.22.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the transaction, the director owned 50,794 shares of the company's stock, valued at approximately $9,021,014.40. This trade represents a 15.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,634,634 shares of company stock valued at $250,524,804. Company insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $177.57 on Friday. The firm has a market cap of $421.26 billion, a P/E ratio of 591.92, a P/E/G ratio of 9.91 and a beta of 2.59. Palantir Technologies Inc. has a fifty-two week low of $36.05 and a fifty-two week high of $190.00. The firm has a 50-day simple moving average of $166.16 and a two-hundred day simple moving average of $133.63.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company's revenue was up 48.0% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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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