Palantir Technologies Inc. $PLTR Shares Bought by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 85.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 556,128 shares of the company’s stock after buying an additional 256,801 shares during the quarter. Palantir Technologies accounts for approximately 1.8% of Harvest Portfolios Group Inc.’s holdings, making the stock its 11th biggest holding. Harvest Portfolios Group Inc.’s holdings in Palantir Technologies were worth $75,811,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at approximately $27,000. Finally, Briaud Financial Planning Inc purchased a new stake in Palantir Technologies in the 2nd quarter valued at approximately $27,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $175.05 on Friday. Palantir Technologies Inc. has a 1-year low of $53.55 and a 1-year high of $207.52. The firm has a market capitalization of $415.28 billion, a P/E ratio of 416.80, a P/E/G ratio of 7.67 and a beta of 2.63. The business’s 50-day simple moving average is $177.31 and its 200-day simple moving average is $153.08.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,527,750 shares of company stock worth $234,463,896. 9.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of analyst reports. Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Jefferies Financial Group reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Piper Sandler raised their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, HSBC boosted their price objective on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $167.66.

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.