Valeo Financial Advisors LLC Has $6.60 Million Holdings in Palantir Technologies Inc. $PLTR

Valeo Financial Advisors LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,395 shares of the company's stock after purchasing an additional 2,071 shares during the period. Valeo Financial Advisors LLC's holdings in Palantir Technologies were worth $6,597,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Christensen King & Associates Investment Services Inc. raised its holdings in Palantir Technologies by 1.3% in the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock valued at $747,000 after acquiring an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its stake in shares of Palantir Technologies by 1.0% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock valued at $1,007,000 after buying an additional 73 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Palantir Technologies by 3.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock worth $329,000 after purchasing an additional 80 shares during the period. Oxinas Partners Wealth Management LLC boosted its stake in Palantir Technologies by 2.7% in the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company's stock valued at $410,000 after buying an additional 80 shares in the last quarter. Finally, Optima Capital LLC boosted its stake in shares of Palantir Technologies by 0.6% in the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company's stock valued at $1,066,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was 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 directly owned 431,169 shares of the company's stock, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value of $1,598,400.00. Following the transaction, the director owned 50,794 shares of the company's stock, valued at approximately $9,021,014.40. The trade was a 15.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,591,085 shares of company stock worth $244,676,722. 12.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PLTR. Citigroup reaffirmed a "neutral" rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald raised their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a research note on Saturday, September 27th. UBS Group restated a "neutral" rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $173.07 on Monday. The stock has a market cap of $410.58 billion, a price-to-earnings ratio of 576.92, a PEG ratio of 9.66 and a beta of 2.60. The business has a 50 day simple moving average of $168.90 and a 200 day simple moving average of $137.33. Palantir Technologies Inc. has a 52-week low of $38.78 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company 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 revenue was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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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