UNIVEST FINANCIAL Corp Takes Position in Palantir Technologies Inc. $PLTR

UNIVEST FINANCIAL Corp acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,052 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at $25,000. Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at $28,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at $31,000. Finally, Tradewinds Capital Management LLC lifted its position 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 during the period. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PLTR. Royal Bank Of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. The Goldman Sachs Group boosted their target price 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. Piper Sandler boosted their target price on shares of Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, UBS Group reiterated a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $142.00.

Palantir Technologies Trading Down 2.1%

PLTR opened at $194.55 on Friday. The company’s fifty day moving average price is $173.92 and its two-hundred day moving average price is $149.67. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $199.85. The company has a market cap of $461.54 billion, a price-to-earnings ratio of 648.52, a PEG ratio of 10.78 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data 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 net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. 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. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the 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 owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. 9.23% of the stock is currently owned by insiders.

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.