Palantir Technologies Inc. $PLTR Holdings Lifted by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 45,450 shares of the company’s stock after buying an additional 650 shares during the period. Palantir Technologies accounts for about 2.9% of Legal Advantage Investments Inc.’s holdings, making the stock its 8th largest holding. Legal Advantage Investments Inc.’s holdings in Palantir Technologies were worth $6,196,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $450,000. Bison Wealth LLC lifted its stake in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,667 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Palantir Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock worth $1,912,000 after purchasing an additional 9,810 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Palantir Technologies by 15.0% during the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company’s stock worth $4,191,000 after purchasing an additional 6,479 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of Palantir Technologies during the first quarter worth about $62,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on PLTR shares. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Citigroup restated a “neutral” rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Mizuho set a $165.00 target price on Palantir Technologies in a research report on Monday, September 15th. Five investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $140.22.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies 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 completion of the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,591,085 shares of company stock valued at $244,714,146. 9.23% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $175.44 on Friday. The firm has a market cap of $416.20 billion, a PE ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. The firm’s 50-day simple moving average is $171.32 and its 200-day simple moving average is $140.05. Palantir Technologies Inc. has a 1 year low of $40.36 and a 1 year high of $190.00.

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

Palantir Technologies Company 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.