Consolidated Portfolio Review Corp Makes New Investment in Palantir Technologies Inc. $PLTR

Consolidated Portfolio Review Corp bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, Holdings Channel.com reports. The fund bought 3,208 shares of the company’s stock, valued at approximately $437,000.

Several other institutional investors and hedge funds have also bought and sold shares of PLTR. Mechanics Financial Corp purchased a new position in Palantir Technologies in the first quarter worth about $25,000. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies in the first quarter worth about $27,000. 1248 Management LLC purchased a new position in Palantir Technologies in the first quarter worth about $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new position in Palantir Technologies in the second quarter worth about $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Up 1.4%

Shares of PLTR opened at $184.95 on Thursday. The business’s 50 day moving average is $167.97 and its 200 day moving average is $135.33. The company has a market capitalization of $438.76 billion, a PE ratio of 616.52, a price-to-earnings-growth ratio of 10.18 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $36.15 and a 12-month high of $190.00.

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, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

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 transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This trade 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 three months. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PLTR. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Loop Capital lifted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $140.22.

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.