TFR Capital LLC. Acquires Shares of 2,224 Palantir Technologies Inc. $PLTR

TFR Capital LLC. acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,224 shares of the company's stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies in the second quarter valued at $25,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies in the second quarter valued at $31,000. Adirondack Trust Co. increased its holdings in shares of Palantir Technologies by 185.0% in the second quarter. Adirondack Trust Co. now owns 285 shares of the company's stock valued at $39,000 after purchasing an additional 185 shares during the last quarter. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the first quarter valued at $25,000. Finally, Park Place Capital Corp increased its holdings in shares of Palantir Technologies by 48.1% in the second quarter. Park Place Capital Corp now owns 308 shares of the company's stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 0.8%

PLTR stock opened at $183.56 on Thursday. The stock has a market capitalization of $435.47 billion, a P/E ratio of 611.89, a price-to-earnings-growth ratio of 9.87 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $40.36 and a 12 month high of $190.00. The firm has a 50-day moving average price of $170.35 and a 200-day moving average price of $138.57.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PLTR shares. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Cantor Fitzgerald boosted 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. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research report on Monday, September 15th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and upped their price objective for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $140.22.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the company'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 completion of the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the sale, the insider directly owned 6,432,258 shares of the company's stock, valued at $973,650,893.46. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,591,085 shares of company stock worth $244,714,146. 9.23% of the stock is currently owned by insiders.

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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