Beckerman Institutional LLC Takes Position in Palantir Technologies Inc. $PLTR

Beckerman Institutional LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,026 shares of the company’s stock, valued at approximately $276,000.

Other institutional investors have also recently made changes to their positions in the company. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies in the first quarter worth approximately $25,000. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies in the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Palantir Technologies in the first quarter worth approximately $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies in the first quarter worth approximately $27,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies in the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group reissued an “underperform” rating on shares of Palantir Technologies in a report on Tuesday. Robert W. Baird raised their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $168.33.

Palantir Technologies Trading Down 7.9%

NASDAQ PLTR opened at $190.74 on Wednesday. Palantir Technologies Inc. has a 12 month low of $46.86 and a 12 month high of $207.52. The stock has a market cap of $452.50 billion, a price-to-earnings ratio of 454.15, a PEG ratio of 11.23 and a beta of 2.63. The company’s 50 day moving average is $176.35 and its two-hundred day moving average is $152.68.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 16.27%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business earned $0.10 EPS. The firm’s revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on 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 in the company, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,527,750 shares of company stock worth $234,463,896 in the last 90 days. Insiders own 12.93% 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.