Trivium Point Advisory LLC Purchases 2,148 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Trivium Point Advisory LLC acquired an additional 2,148 shares of Palantir Technologies Inc. during Q2, increasing its holdings by 29.1% to reach a total of 9,531 shares, valued at approximately $1.3 million.
• Palantir reported a 48% increase in revenue year-over-year for the last quarter, achieving $1 billion in revenue and surpassing analysts' estimates.
• Several institutional investors have increased their stakes in Palantir, with UBS Asset Management and other firms boosting their positions, illustrating strong interest in the company's stock among hedge funds.

Trivium Point Advisory LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 29.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,531 shares of the company's stock after acquiring an additional 2,148 shares during the period. Trivium Point Advisory LLC's holdings in Palantir Technologies were worth $1,299,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Palantir Technologies by 10.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock valued at $984,786,000 after buying an additional 1,135,841 shares during the period. Golden State Equity Partners lifted its stake in Palantir Technologies by 10.1% in the second quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock valued at $2,503,000 after buying an additional 1,677 shares during the period. Hummer Financial Advisory Services Inc acquired a new position in Palantir Technologies in the second quarter valued at about $225,000. Bank of New Hampshire lifted its stake in Palantir Technologies by 11.4% in the second quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock valued at $2,705,000 after buying an additional 2,023 shares during the period. Finally, Fox Hill Wealth Management lifted its stake in Palantir Technologies by 5.9% in the second quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock valued at $5,653,000 after buying an additional 2,325 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $182.42 on Wednesday. The business's 50 day simple moving average is $167.37 and its 200 day simple moving average is $134.98. Palantir Technologies Inc. has a 52-week low of $36.05 and a 52-week high of $190.00. The firm has a market cap of $432.76 billion, a PE ratio of 608.09, a P/E/G ratio of 9.98 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the firm earned $0.09 EPS. Palantir Technologies's revenue for the quarter 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. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank Of Canada increased their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Bank of America increased their target price on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group increased their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Loop Capital raised their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $140.22.

Insiders Place Their Bets

In related news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred on 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 in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock worth $244,676,722 in the last 90 days. Company insiders own 12.93% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.