Syntegra Private Wealth Group LLC Takes Position in Palantir Technologies Inc. $PLTR

Key Points

• Syntegra Private Wealth Group LLC has acquired a new stake in Palantir Technologies, purchasing 2,270 shares valued at approximately $309,000.
• A significant percentage of Palantir's stock, 45.65%, is owned by institutional investors and hedge funds, indicating strong interest from large financial entities.
• Palantir reported a 48% year-over-year increase in quarterly revenue, reaching $1 billion and beating consensus estimates by $60.71 million.

Syntegra Private Wealth Group LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 2,270 shares of the company's stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $2,543,888,000. Nuveen LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth $520,232,000. Price T Rowe Associates Inc. MD increased its holdings in 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 valued at $1,126,408,000 after purchasing an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake 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 buying an additional 4,221,392 shares during the period. Finally, Amundi boosted its holdings in Palantir Technologies by 56.1% during the first quarter. Amundi now owns 10,620,301 shares of the company's stock worth $887,857,000 after buying an additional 3,815,386 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on PLTR. Royal Bank Of Canada boosted their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Cantor Fitzgerald raised their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Citigroup restated a "neutral" rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $141.28.

Palantir Technologies Trading Up 1.9%

Palantir Technologies stock opened at $181.59 on Tuesday. The company has a market capitalization of $430.79 billion, a price-to-earnings ratio of 605.32, a PEG ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $190.00. The stock's 50 day moving average is $171.50 and its 200-day moving average is $144.42.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly 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 net margin of 22.18% and a return on equity of 10.75%. The company 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 business earned $0.09 earnings per share. The firm's quarterly revenue 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, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company's stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 222,878 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. Corporate insiders own 12.93% of the company's stock.

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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