Patten & Patten Inc. TN Buys Shares of 2,529 Palantir Technologies Inc. $PLTR

Patten & Patten Inc. TN bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,529 shares of the company’s stock, valued at approximately $345,000.

Several other large investors also recently bought and sold shares of the company. New York State Teachers Retirement System grew its holdings in Palantir Technologies by 5.8% in the second quarter. New York State Teachers Retirement System now owns 1,777,902 shares of the company’s stock valued at $242,364,000 after purchasing an additional 97,466 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in Palantir Technologies by 88.5% in the second quarter. Rosenberg Matthew Hamilton now owns 822 shares of the company’s stock valued at $112,000 after purchasing an additional 386 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Palantir Technologies by 55.9% in the second quarter. Ritholtz Wealth Management now owns 32,747 shares of the company’s stock valued at $4,464,000 after purchasing an additional 11,748 shares during the last quarter. Triton Wealth Management PLLC acquired a new stake in shares of Palantir Technologies during the second quarter valued at $484,000. Finally, Harbour Investments Inc. boosted its stake in shares of Palantir Technologies by 14.3% during the second quarter. Harbour Investments Inc. now owns 60,977 shares of the company’s stock valued at $8,312,000 after acquiring an additional 7,646 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PLTR shares. Citigroup reaffirmed a “neutral” rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and increased their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. Finally, UBS Group reaffirmed a “neutral” rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research note 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $141.28.

Palantir Technologies Trading Down 0.8%

NASDAQ PLTR opened at $178.12 on Friday. The business’s 50-day moving average price is $171.70 and its 200 day moving average price is $142.22. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $190.00. The company has a market capitalization of $422.56 billion, a PE ratio of 593.75, a price-to-earnings-growth ratio of 9.74 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $939.29 million. During the same period in the prior year, the business posted $0.09 earnings per share. The firm’s revenue for the quarter 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. Equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,557,750 shares of company stock worth $239,713,896. Corporate insiders own 9.23% of the company’s stock.

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.