Adell Harriman & Carpenter Inc. Makes New $298,000 Investment in Palantir Technologies Inc. $PLTR

Adell Harriman & Carpenter Inc. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,186 shares of the company’s stock, valued at approximately $298,000.

Other institutional investors have also recently bought and sold shares of the company. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the first quarter worth $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at $27,000. Finally, Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 2.1%

Shares of NASDAQ PLTR opened at $194.55 on Friday. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $199.85. The company has a market cap of $461.54 billion, a PE ratio of 648.52, a P/E/G ratio of 10.78 and a beta of 2.60. The company has a 50-day moving average of $173.92 and a two-hundred day moving average of $149.67.

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 firm 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 company’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PLTR shares. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, Royal Bank Of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Five investment 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $142.00.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 702,786 shares of the company’s stock, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,557,750 shares of company stock worth $239,713,896. Corporate insiders own 9.23% of the company’s stock.

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.