Optima Capital LLC Increases Position in Palantir Technologies Inc. $PLTR

Optima Capital LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 12,626 shares of the company’s stock after purchasing an additional 81 shares during the quarter. Optima Capital LLC’s holdings in Palantir Technologies were worth $1,066,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Allegiance Financial Group Advisory Services LLC increased its position in shares of Palantir Technologies by 3.0% in the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company’s stock valued at $246,000 after buying an additional 84 shares in the last quarter. Delta Investment Management LLC increased its position in shares of Palantir Technologies by 1.9% in the first quarter. Delta Investment Management LLC now owns 4,716 shares of the company’s stock valued at $398,000 after buying an additional 90 shares in the last quarter. Sovran Advisors LLC increased its position in shares of Palantir Technologies by 1.8% in the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company’s stock valued at $460,000 after buying an additional 94 shares in the last quarter. Lodestone Wealth Management LLC increased its position in shares of Palantir Technologies by 1.1% in the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company’s stock valued at $755,000 after buying an additional 97 shares in the last quarter. Finally, Continuum Advisory LLC increased its position in shares of Palantir Technologies by 3.8% in the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company’s stock valued at $202,000 after buying an additional 98 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 1.4%

Shares of NASDAQ:PLTR opened at $164.36 on Friday. The business has a fifty day moving average of $159.32 and a two-hundred day moving average of $126.29. The stock has a market cap of $389.92 billion, a P/E ratio of 547.88, a PEG ratio of 9.40 and a beta of 2.59. Palantir Technologies Inc. has a 52-week low of $34.53 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PLTR. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and raised their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group boosted their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Finally, Mizuho upgraded Palantir Technologies from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $116.00 to $135.00 in a research report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $136.61.

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction dated 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. The trade was a 15.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 160,164 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $92,204. The trade was a 99.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,604,634 shares of company stock worth $245,441,454 over the last quarter. Corporate insiders own 9.23% 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.