Cross Staff Investments Inc Makes New Investment in Palantir Technologies Inc. $PLTR

Cross Staff Investments Inc bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the company’s stock, valued at approximately $409,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies during the 1st quarter worth about $25,000. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter worth about $27,000. 1248 Management LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter worth about $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth about $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the transaction, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock worth $244,714,146 over the last quarter. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Down 5.4%

Shares of NASDAQ:PLTR opened at $175.44 on Friday. Palantir Technologies Inc. has a 1-year low of $40.36 and a 1-year high of $190.00. The firm has a market capitalization of $416.20 billion, a PE ratio of 584.82, a PEG ratio of 10.05 and a beta of 2.60. The business’s 50 day moving average is $171.32 and its 200-day moving average is $139.72.

Palantir Technologies (NASDAQ:PLTR) last announced 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. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PLTR shares. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded 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. Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.22.

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.