Toth Financial Advisory Corp Purchases 2,192 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Toth Financial Advisory Corp increased its stake in Palantir Technologies by 130.9% in Q2, now holding 3,866 shares worth $527,000.
• Insiders at Palantir sold over 1.6 million shares in the last quarter, with significant transactions including a sale by insider Jeffrey Buckley worth over $440,000.
• Palantir reported a 48% increase in quarterly revenue year-over-year, surpassing analyst estimates with earnings of $0.16 per share.

Toth Financial Advisory Corp raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 130.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,866 shares of the company's stock after buying an additional 2,192 shares during the quarter. Toth Financial Advisory Corp's holdings in Palantir Technologies were worth $527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC purchased a new position in Palantir Technologies in the 2nd quarter worth $31,000. Adirondack Trust Co. lifted its position in 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 period. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the first quarter worth approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter worth $27,000. Finally, 1248 Management LLC acquired a new position in Palantir Technologies during the 1st quarter valued at about $27,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the firm'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 completion of the transaction, the insider owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider owned 702,786 shares of the company's stock, valued at $106,261,243.20. This represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,625,634 shares of company stock valued at $248,926,404. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Trading Down 1.7%

Shares of NASDAQ PLTR traded down $3.06 during trading hours on Monday, reaching $179.33. The stock had a trading volume of 45,749,266 shares, compared to its average volume of 60,825,608. The firm has a market cap of $425.43 billion, a price-to-earnings ratio of 597.79, a PEG ratio of 10.28 and a beta of 2.59. The firm has a 50-day moving average of $163.92 and a 200-day moving average of $131.20. Palantir Technologies Inc. has a fifty-two week low of $36.05 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $939.29 million. During the same period last year, the company posted $0.09 earnings per share. The firm's 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. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLTR. Bank of America raised their price objective on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $138.28.

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.