TPG Advisors LLC Buys Shares of 1,600 Palantir Technologies Inc. $PLTR

Key Points

• TPG Advisors LLC has purchased 1,600 shares of Palantir Technologies Inc. valued at approximately $218,000.
• Palantir reported a 48% year-over-year revenue increase with earnings per share of $0.16, exceeding the consensus estimate of $0.14.
• As of now, 45.65% of Palantir's stock is owned by institutional investors and hedge funds, indicating significant institutional interest.

TPG Advisors LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,600 shares of the company's stock, valued at approximately $218,000.

Other institutional investors have also recently made changes to their positions in the company. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PLTR shares. Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday, September 15th. Bank of America boosted their target price on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and boosted their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $140.22.

Palantir Technologies Price Performance

PLTR opened at $184.95 on Thursday. The business has a fifty day simple moving average of $167.97 and a 200 day simple moving average of $135.33. The company has a market capitalization of $438.76 billion, a PE ratio of 616.52, a price-to-earnings-growth ratio of 10.18 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $36.15 and a 1 year high of $190.00.

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 (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion during 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 firm's quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares of the company's stock, valued at approximately $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,591,085 shares of company stock worth $244,676,722. 9.23% of the stock is 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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