Triton Financial Group Inc Takes Position in Palantir Technologies Inc. $PLTR

Key Points

• Triton Financial Group Inc acquired 9,902 shares of Palantir Technologies Inc., worth approximately $1,350,000, as indicated in its recent SEC filing.
• Insider trading activity includes Jeffrey Buckley and Shyam Sankar selling shares, with a significant total of 1,557,750 shares traded by insiders in the last quarter.
• Wall Street analysts set various target prices for Palantir, with Mizuho at $165.00 and Piper Sandler increasing it to $201.00, reflecting overall cautious optimism about the company's stock.

Triton Financial Group Inc acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,902 shares of the company's stock, valued at approximately $1,350,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ignite Planners LLC lifted its position in shares of Palantir Technologies by 0.4% during the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company's stock worth $2,094,000 after buying an additional 66 shares during the last quarter. Christensen King & Associates Investment Services Inc. lifted its position in shares of Palantir Technologies by 1.3% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock worth $747,000 after buying an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in shares of Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock worth $1,007,000 after buying an additional 73 shares during the last quarter. Boomfish Wealth Group LLC lifted its position in shares of Palantir Technologies by 2.7% during the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company's stock worth $379,000 after buying an additional 73 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of Palantir Technologies by 3.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock worth $329,000 after buying an additional 80 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PLTR. Mizuho set a $165.00 price objective on Palantir Technologies in a research report on Monday, September 15th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Piper Sandler increased their target price on Palantir Technologies from $182.00 to $201.00 and gave the company an "overweight" rating in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $141.28.

Palantir Technologies Trading Up 1.9%

Shares of PLTR stock opened at $181.59 on Tuesday. The stock has a market cap of $430.79 billion, a price-to-earnings ratio of 605.32, a PEG ratio of 9.66 and a beta of 2.60. The stock has a 50-day moving average of $171.50 and a 200-day moving average of $144.42. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00.

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