Palantir Technologies Inc. $PLTR Position Boosted by Global Financial Private Client LLC

Global Financial Private Client LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.6% during the 2nd quarter, Holdings Channel reports. The fund owned 4,225 shares of the company’s stock after purchasing an additional 148 shares during the period. Global Financial Private Client LLC’s holdings in Palantir Technologies were worth $576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC increased its holdings in shares of Palantir Technologies by 1.2% during the second quarter. Baker Tilly Wealth Management LLC now owns 22,084 shares of the company’s stock valued at $3,010,000 after purchasing an additional 260 shares during the period. Exchange Traded Concepts LLC increased its stake in Palantir Technologies by 1,148.8% during the 2nd quarter. Exchange Traded Concepts LLC now owns 341,725 shares of the company’s stock valued at $46,584,000 after buying an additional 314,360 shares during the period. Marshall Financial Group LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter worth about $249,000. Weinberger Asset Management Inc bought a new stake in shares of Palantir Technologies during the 2nd quarter worth about $339,000. Finally, Park Capital Management LLC WI bought a new position in shares of Palantir Technologies in the second quarter valued at approximately $661,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and boosted their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average price target of $138.28.

Palantir Technologies Trading Up 5.1%

PLTR stock opened at $176.97 on Friday. Palantir Technologies Inc. has a one year low of $35.71 and a one year high of $190.00. The firm has a 50-day moving average of $162.51 and a two-hundred day moving average of $129.24. The firm has a market capitalization of $419.83 billion, a PE ratio of 589.92, a P/E/G ratio of 9.49 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $939.29 million. During the same quarter last year, the business posted $0.09 EPS. The company’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. On average, equities research analysts anticipate 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 stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider directly 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the sale, the insider owned 702,786 shares of the company’s stock, valued at $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,625,634 shares of company stock valued at $248,926,404 in the last ninety days. Corporate insiders own 9.23% of the company’s stock.

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.