Klingman & Associates LLC Takes Position in Palantir Technologies Inc. $PLTR

Klingman & Associates LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,531 shares of the company’s stock, valued at approximately $481,000.

Several other institutional investors also recently made changes to their positions in PLTR. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter valued at $25,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter valued at $28,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter valued at $31,000. Tradewinds Capital Management LLC lifted its holdings in shares of Palantir Technologies by 147.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares in the last quarter. Finally, Adirondack Trust Co. lifted its holdings in shares of Palantir Technologies by 185.0% during the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock valued at $39,000 after acquiring an additional 185 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was 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 approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $181.51 on Wednesday. The firm has a market cap of $430.60 billion, a PE ratio of 605.05, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60. The firm’s 50-day simple moving average is $171.39 and its 200-day simple moving average is $144.68. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year 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 analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the prior year, the business posted $0.09 EPS. The company’s revenue for the quarter 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. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on PLTR. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a report on Monday, September 15th. UBS Group restated a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald lifted their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Five equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.28.

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.