5,418 Shares in Palantir Technologies Inc. $PLTR Bought by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 1st quarter, HoldingsChannel reports. The fund acquired 5,418 shares of the company’s stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Rafferty Asset Management LLC lifted its holdings in Palantir Technologies by 11.0% in the first quarter. Rafferty Asset Management LLC now owns 1,046,272 shares of the company’s stock valued at $88,305,000 after buying an additional 103,861 shares during the period. PKS Advisory Services LLC lifted its holdings in Palantir Technologies by 66.7% in the first quarter. PKS Advisory Services LLC now owns 5,227 shares of the company’s stock valued at $464,000 after buying an additional 2,091 shares during the period. Harvest Portfolios Group Inc. acquired a new position in Palantir Technologies in the first quarter valued at $25,263,000. Orion Capital Management LLC lifted its holdings in Palantir Technologies by 1.3% in the first quarter. Orion Capital Management LLC now owns 21,673 shares of the company’s stock valued at $1,829,000 after buying an additional 273 shares during the period. Finally, Evergreen Wealth Solutions LLC acquired a new position in Palantir Technologies in the first quarter valued at $291,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Up 2.4%

Shares of NASDAQ PLTR opened at $160.87 on Wednesday. The firm’s 50-day moving average price is $154.37 and its 200-day moving average price is $122.57. Palantir Technologies Inc. has a 1-year low of $29.31 and a 1-year high of $190.00. The firm has a market capitalization of $381.64 billion, a P/E ratio of 536.25, a P/E/G ratio of 8.86 and a beta of 2.60.

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, 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 firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The business’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. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 1,076 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $167,587.00. Following the sale, the insider owned 53,764 shares in the company, valued at $8,373,743. This represents a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,906,783 shares of company stock worth $282,471,442 over the last ninety days. Insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of several recent analyst reports. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a report on Tuesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Mizuho upgraded shares of Palantir Technologies from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $136.61.

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.