Palantir Technologies Inc. $PLTR Shares Purchased by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,191 shares of the company’s stock after purchasing an additional 887 shares during the period. Atlas Legacy Advisors LLC’s holdings in Palantir Technologies were worth $2,343,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies during the 2nd quarter worth $25,000. Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $28,000. Family Legacy Financial Solutions LLC acquired a new position in Palantir Technologies during the 2nd quarter worth approximately $31,000. Finally, Tradewinds Capital Management LLC lifted its position in Palantir Technologies by 147.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $175.05 on Friday. The company has a market capitalization of $415.28 billion, a price-to-earnings ratio of 416.80, a price-to-earnings-growth ratio of 7.67 and a beta of 2.63. Palantir Technologies Inc. has a 12 month low of $53.55 and a 12 month high of $207.52. The company’s fifty day moving average price is $177.31 and its two-hundred day moving average price is $153.08.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $0.10 EPS. The company’s revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. 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 the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,527,750 shares of company stock valued at $234,463,896 over the last three months. Company insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald lifted their price objective on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $167.66.

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.