Burford Brothers Inc. Sells 107 Shares of Palantir Technologies Inc. $PLTR

Burford Brothers Inc. reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,652 shares of the company’s stock after selling 107 shares during the quarter. Burford Brothers Inc.’s holdings in Palantir Technologies were worth $634,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PLTR. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies in the second quarter valued at $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter valued at $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the 1st quarter worth $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter worth about $28,000. 45.65% of the stock is owned by institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group reissued a “neutral” rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Royal Bank Of Canada raised 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $141.28.

Palantir Technologies Price Performance

PLTR stock opened at $178.15 on Friday. The company has a market capitalization of $422.63 billion, a price-to-earnings ratio of 593.85, a PEG ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00. The business has a 50 day simple moving average of $171.52 and a two-hundred day simple moving average of $143.25.

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

About Palantir Technologies

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.