56,283 Shares in Palantir Technologies Inc. $PLTR Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,283 shares of the company’s stock, valued at approximately $7,672,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC boosted its holdings in Palantir Technologies by 76.0% during the second quarter. Transcend Capital Advisors LLC now owns 8,087 shares of the company’s stock worth $1,102,000 after buying an additional 3,492 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Palantir Technologies by 23.7% during the second quarter. Bessemer Group Inc. now owns 31,432 shares of the company’s stock valued at $4,284,000 after purchasing an additional 6,018 shares in the last quarter. Brookwood Investment Group LLC lifted its holdings in Palantir Technologies by 110.3% during the second quarter. Brookwood Investment Group LLC now owns 29,445 shares of the company’s stock valued at $4,014,000 after purchasing an additional 15,444 shares in the last quarter. Yukon Wealth Management Inc. lifted its holdings in Palantir Technologies by 5.7% during the second quarter. Yukon Wealth Management Inc. now owns 13,245 shares of the company’s stock valued at $1,806,000 after purchasing an additional 713 shares in the last quarter. Finally, First Command Advisory Services Inc. lifted its holdings in Palantir Technologies by 129.8% during the second quarter. First Command Advisory Services Inc. now owns 1,034 shares of the company’s stock valued at $141,000 after purchasing an additional 584 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Up 2.5%

NASDAQ:PLTR opened at $189.18 on Tuesday. The company’s 50-day moving average price is $171.65 and its 200-day moving average price is $147.88. The company has a market cap of $448.80 billion, a P/E ratio of 630.62, a P/E/G ratio of 10.01 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $192.83.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data 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 analysts’ expectations of $939.29 million. During the same period last year, the business earned $0.09 earnings per share. Palantir Technologies’s revenue 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. On average, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated 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 directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the sale, the director owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,750 shares of company stock valued at $239,713,896 in the last quarter. Insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PLTR. Loop Capital increased 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. Deutsche Bank Aktiengesellschaft raised shares of 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 report on Tuesday, August 5th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has a consensus 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.