Triumph Capital Management Acquires New Position in Palantir Technologies Inc. $PLTR

Key Points

• Triumph Capital Management has acquired a new stake in Palantir Technologies, purchasing 8,866 shares valued at approximately $1,209,000 during the second quarter.
• Insider transactions have included significant sales, with Jeffrey Buckley selling 2,803 shares and Ryan D. Taylor selling 36,048 shares, leading to decreases in their respective positions.
• Palantir reported a successful quarterly performance, with $1 billion in revenue, a 48% year-over-year increase, and exceeded EPS estimates, signaling strong financial momentum.

Triumph Capital Management acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,866 shares of the company's stock, valued at approximately $1,209,000.

A number of other institutional investors have also modified their holdings of PLTR. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC grew its position in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after buying an additional 4,667 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $274,000. Two Sigma Advisers LP bought a new position in Palantir Technologies in the 4th quarter worth about $11,655,000. Finally, Two Sigma Investments LP grew its position in Palantir Technologies by 132.4% in the 4th quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock worth $4,166,000 after purchasing an additional 31,383 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 2,803 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider owned 50,961 shares in the company, valued at approximately $8,000,877. This represents a 5.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,625,634 shares of company stock worth $248,926,404 in the last quarter. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

PLTR stock opened at $171.21 on Tuesday. Palantir Technologies Inc. has a 12 month low of $35.56 and a 12 month high of $190.00. The firm has a market cap of $406.17 billion, a PE ratio of 570.72, a P/E/G ratio of 9.66 and a beta of 2.59. The firm has a 50 day simple moving average of $160.71 and a 200 day simple moving average of $128.03.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 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 net margin of 22.18% and a return on equity of 10.75%. The firm's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on PLTR. Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research 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 report on Tuesday, August 5th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and increased their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Citigroup reiterated a "neutral" rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $138.28.

Palantir Technologies Company 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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