Ring Mountain Capital LLC Raises Position in Palantir Technologies Inc. $PLTR

Ring Mountain Capital LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,640 shares of the company’s stock after purchasing an additional 1,524 shares during the quarter. Palantir Technologies accounts for 0.6% of Ring Mountain Capital LLC’s investment portfolio, making the stock its 29th biggest position. Ring Mountain Capital LLC’s holdings in Palantir Technologies were worth $1,041,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Ellevest Inc. raised its position in Palantir Technologies by 38.1% in the 2nd quarter. Ellevest Inc. now owns 5,619 shares of the company’s stock worth $766,000 after purchasing an additional 1,549 shares during the period. Crestwood Advisors Group LLC grew its holdings in Palantir Technologies by 9.7% in the 2nd quarter. Crestwood Advisors Group LLC now owns 18,280 shares of the company’s stock worth $2,492,000 after acquiring an additional 1,618 shares during the last quarter. Artemis Wealth Advisors LLC bought a new stake in Palantir Technologies in the 2nd quarter worth $2,726,000. FWG Holdings LLC grew its holdings in Palantir Technologies by 16.2% in the 2nd quarter. FWG Holdings LLC now owns 9,537 shares of the company’s stock worth $1,300,000 after acquiring an additional 1,329 shares during the last quarter. Finally, Washburn Capital Management Inc. grew its holdings in Palantir Technologies by 36.9% in the 2nd quarter. Washburn Capital Management Inc. now owns 5,655 shares of the company’s stock worth $771,000 after acquiring an additional 1,525 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 7.9%

Shares of PLTR opened at $190.74 on Wednesday. The firm’s 50-day moving average price is $176.35 and its 200-day moving average price is $152.68. The firm has a market capitalization of $452.50 billion, a price-to-earnings ratio of 454.15, a PEG ratio of 11.23 and a beta of 2.63. Palantir Technologies Inc. has a 1-year low of $46.86 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 16.27%. The company’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLTR. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday. Mizuho raised their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a report on Tuesday. Finally, Piper Sandler raised their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $168.33.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at $89,611.04. This trade represents a 99.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,527,750 shares of company stock worth $234,463,896 over the last 90 days. 12.93% of the stock is currently owned by insiders.

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.