Van Hulzen Asset Management LLC Acquires 1,863 Shares of Palantir Technologies Inc. $PLTR

Van Hulzen Asset Management LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 38.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,648 shares of the company’s stock after purchasing an additional 1,863 shares during the period. Van Hulzen Asset Management LLC’s holdings in Palantir Technologies were worth $561,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Allegiance Financial Group Advisory Services LLC grew its holdings in shares of Palantir Technologies by 3.0% during the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company’s stock worth $246,000 after purchasing an additional 84 shares during the last quarter. Sovran Advisors LLC grew its holdings in shares of Palantir Technologies by 1.8% during the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company’s stock worth $460,000 after purchasing an additional 94 shares during the last quarter. Lodestone Wealth Management LLC grew its holdings in shares of Palantir Technologies by 1.1% during the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company’s stock worth $755,000 after purchasing an additional 97 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Palantir Technologies by 3.8% during the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company’s stock worth $202,000 after purchasing an additional 98 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in shares of Palantir Technologies by 0.5% during the first quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company’s stock worth $1,531,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 1.6%

Palantir Technologies stock opened at $158.74 on Friday. Palantir Technologies Inc. has a 12-month low of $29.31 and a 12-month high of $190.00. The business’s 50-day simple moving average is $153.61 and its 200 day simple moving average is $121.77. The stock has a market cap of $376.59 billion, a price-to-earnings ratio of 529.15, a P/E/G ratio of 8.80 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business earned $0.09 earnings per share. The company’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. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider owned 702,786 shares in the company, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,906,783 shares of company stock worth $282,471,442 in the last ninety days. 9.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and increased their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Loop Capital raised their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. The Goldman Sachs Group raised their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, Bank of America raised their price target on Palantir Technologies from $150.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $136.61.

Palantir Technologies 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.