Park Avenue Securities LLC Buys New Stake in Palantir Technologies Inc. $PLTR

Park Avenue Securities LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 175,667 shares of the company’s stock, valued at approximately $23,947,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the first quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at approximately $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the 1st quarter worth approximately $27,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies during the second quarter worth approximately $31,000. Finally, Richardson Capital Management LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,625,634 shares of company stock worth $248,926,404. 9.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and issued a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 price objective on Palantir Technologies in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $138.28.

Palantir Technologies Trading Up 3.1%

Shares of NASDAQ PLTR opened at $182.39 on Friday. Palantir Technologies Inc. has a 1-year low of $35.71 and a 1-year high of $190.00. The company has a 50-day moving average of $163.32 and a two-hundred day moving average of $130.19. The company has a market cap of $432.69 billion, a PE ratio of 607.99, a P/E/G ratio of 10.28 and a beta of 2.59.

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. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.