RPG Investment Advisory LLC Grows Stock Holdings in Palantir Technologies Inc. $PLTR

RPG Investment Advisory LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 44.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 471,322 shares of the company’s stock after acquiring an additional 145,015 shares during the quarter. Palantir Technologies comprises 2.8% of RPG Investment Advisory LLC’s holdings, making the stock its 7th largest position. RPG Investment Advisory LLC’s holdings in Palantir Technologies were worth $39,780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth approximately $450,000. XTX Topco Ltd acquired a new position in Palantir Technologies during the fourth quarter valued at approximately $328,000. Coppell Advisory Solutions LLC raised its position in Palantir Technologies by 36.2% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,303 shares of the company’s stock valued at $101,000 after purchasing an additional 346 shares in the last quarter. Syon Capital LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $407,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Palantir Technologies by 233.9% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 400,262 shares of the company’s stock valued at $30,372,000 after buying an additional 280,371 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 0.1%

PLTR opened at $156.18 on Friday. The company’s 50-day moving average price is $153.18 and its two-hundred day moving average price is $121.39. Palantir Technologies Inc. has a twelve month low of $29.31 and a twelve month high of $190.00. The stock has a market cap of $370.51 billion, a price-to-earnings ratio of 520.62, a PEG ratio of 8.79 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company’s quarterly 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. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLTR. Wall Street Zen upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Loop Capital lifted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 5th. UBS Group reissued a “neutral” rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Bank of America upped their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Four investment 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’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $136.61.

Insider Buying and Selling at Palantir Technologies

In related news, Director Eric H. Woersching sold 10,214 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the sale, the director owned 2,348 shares of the company’s stock, valued at approximately $307,470.60. This represents a 81.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $5,250,000.00. Following the sale, the insider directly owned 363,755 shares in the company, valued at $63,657,125. This trade represents a 7.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 529,684 shares of company stock worth $71,900,350. 9.23% of the stock is currently owned by company insiders.

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.