Van Hulzen Asset Management LLC Has $561,000 Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Van Hulzen Asset Management LLC increased its holdings in Palantir Technologies by 38.9%, bringing its total investment to $561,000 after purchasing additional shares in the first quarter.
• Insider transactions revealed that individuals sold 1,906,783 shares of Palantir stock for a total value of $282,471,442 in the last ninety days, indicating significant trading activity among insiders.
• Palantir's earnings report showed a quarterly revenue of $1 billion, exceeding expectations and representing a 48.0% increase compared to the previous year.

Van Hulzen Asset Management LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 38.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,648 shares of the company's stock after buying an additional 1,863 shares during the quarter. Van Hulzen Asset Management LLC's holdings in Palantir Technologies were worth $561,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Palantir Technologies by 15.0% during the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock worth $4,191,000 after buying an additional 6,479 shares during the last quarter. Garrison Bradford & Associates Inc. acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $45,000. Menard Financial Group LLC lifted its holdings in shares of Palantir Technologies by 8.2% during the first quarter. Menard Financial Group LLC now owns 25,938 shares of the company's stock worth $2,189,000 after buying an additional 1,964 shares during the last quarter. TCW Group Inc. lifted its holdings in shares of Palantir Technologies by 14.5% during the first quarter. TCW Group Inc. now owns 32,031 shares of the company's stock worth $2,703,000 after buying an additional 4,068 shares during the last quarter. Finally, Sagespring Wealth Partners LLC lifted its holdings in shares of Palantir Technologies by 36.3% during the first quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock worth $2,030,000 after buying an additional 6,405 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 9,211 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $1,434,613.25. Following the sale, the insider directly owned 343,518 shares in the company, valued at $53,502,928.50. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Glazer sold 8,047 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $1,253,320.25. Following the completion of the sale, the insider owned 474,399 shares in the company, valued at $73,887,644.25. This trade represents a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,906,783 shares of company stock valued at $282,471,442. 9.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Royal Bank Of Canada upped their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and upped their target price for the company from $80.00 to $160.00 in a research note 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 note on Tuesday, August 5th. Finally, Wall Street Zen upgraded Palantir Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $136.61.

Palantir Technologies Trading Up 1.6%

Shares of NASDAQ PLTR opened at $158.74 on Friday. The business has a fifty day simple moving average of $153.61 and a 200 day simple moving average of $121.77. The firm has a market capitalization of $376.59 billion, a price-to-earnings ratio of 529.15, a PEG ratio of 8.80 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share 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 firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same period in the prior year, the business posted $0.09 earnings per share. The business's revenue 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. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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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