Palantir Technologies Inc. $PLTR Stock Holdings Increased by Ameriflex Group Inc.

Ameriflex Group Inc. boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 11.1% in the second quarter, HoldingsChannel.com reports. The fund owned 22,403 shares of the company’s stock after buying an additional 2,233 shares during the quarter. Palantir Technologies comprises about 1.7% of Ameriflex Group Inc.’s investment portfolio, making the stock its 6th biggest holding. Ameriflex Group Inc.’s holdings in Palantir Technologies were worth $3,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Mechanics Financial Corp acquired a new position in Palantir Technologies during the first quarter worth about $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies during the second quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies during the first quarter worth about $27,000. 1248 Management LLC acquired a new position in Palantir Technologies during the first quarter worth about $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in Palantir Technologies during the second quarter worth about $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $173.07 on Friday. Palantir Technologies Inc. has a 1 year low of $38.78 and a 1 year high of $190.00. The firm has a 50 day moving average price of $168.90 and a 200 day moving average price of $136.63. The company has a market cap of $410.58 billion, a price-to-earnings ratio of 576.92, a PEG ratio of 10.44 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $939.29 million. During the same period in the previous year, the firm earned $0.09 earnings per share. Palantir Technologies’s revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the sale, the director owned 50,794 shares of the company’s stock, valued at approximately $9,021,014.40. This represents a 15.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock valued at $244,676,722 in the last quarter. Insiders own 9.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. UBS Group reissued a “neutral” rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Bank of America boosted their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, Citigroup reissued a “neutral” rating and issued a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus target price of $140.22.

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.