Howard Capital Management Inc. Has $13.56 Million Stock Position in Palantir Technologies Inc. $PLTR

Howard Capital Management Inc. grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 128.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,491 shares of the company’s stock after purchasing an additional 55,951 shares during the period. Howard Capital Management Inc.’s holdings in Palantir Technologies were worth $13,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Reliant Investment Partners LLC bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $939,000. First National Trust Co raised its stake in Palantir Technologies by 10.2% during the second quarter. First National Trust Co now owns 20,517 shares of the company’s stock worth $2,797,000 after acquiring an additional 1,900 shares in the last quarter. Redwood Park Advisors LLC raised its stake in Palantir Technologies by 115.1% during the second quarter. Redwood Park Advisors LLC now owns 299 shares of the company’s stock worth $41,000 after acquiring an additional 160 shares in the last quarter. May Hill Capital LLC bought a new position in shares of Palantir Technologies during the second quarter valued at $532,000. Finally, Petra Financial Advisors Inc. acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at $470,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the transaction, the director owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last quarter. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Up 2.5%

Shares of PLTR stock opened at $189.18 on Tuesday. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $192.83. The firm’s 50 day moving average is $171.65 and its 200-day moving average is $147.88. The firm has a market capitalization of $448.80 billion, a price-to-earnings ratio of 630.62, a PEG ratio of 10.01 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share 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 business 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 earnings per share. Palantir Technologies’s revenue for the quarter 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. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PLTR shares. Cantor Fitzgerald increased their target price 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. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Loop Capital lifted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Citigroup reissued a “neutral” rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $141.28.

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.