Valeo Financial Advisors LLC Buys 2,071 Shares of Palantir Technologies Inc. $PLTR

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

Several other large investors also recently made changes to their positions in PLTR. Mechanics Financial Corp acquired a new stake in Palantir Technologies in the first quarter valued at $25,000. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at about $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the first quarter worth about $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in Palantir Technologies during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the completion of the transaction, the director owned 50,794 shares of the company’s stock, valued at $9,021,014.40. This represents a 15.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock worth $244,676,722 in the last quarter. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research report on Tuesday, August 5th. Royal Bank Of Canada raised their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Loop Capital upped their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Citigroup restated a “neutral” rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $173.07 on Monday. Palantir Technologies Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $190.00. The stock’s fifty day moving average price is $168.90 and its two-hundred day moving average price is $137.33. The company has a market cap of $410.58 billion, a PE ratio of 576.92, a P/E/G ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s revenue was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.