1,740 Shares in Palantir Technologies Inc. $PLTR Bought by Regatta Capital Group LLC

Regatta Capital Group LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,740 shares of the company’s stock, valued at approximately $237,000.

Other institutional investors have also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Palantir Technologies by 10.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after purchasing an additional 1,135,841 shares during the last quarter. Golden State Equity Partners raised its holdings in shares of Palantir Technologies by 10.1% during the second quarter. Golden State Equity Partners now owns 18,361 shares of the company’s stock worth $2,503,000 after purchasing an additional 1,677 shares during the last quarter. Hummer Financial Advisory Services Inc purchased a new position in shares of Palantir Technologies during the second quarter worth $225,000. Bank of New Hampshire raised its holdings in shares of Palantir Technologies by 11.4% during the second quarter. Bank of New Hampshire now owns 19,842 shares of the company’s stock worth $2,705,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Fox Hill Wealth Management raised its holdings in shares of Palantir Technologies by 5.9% during the second quarter. Fox Hill Wealth Management now owns 41,470 shares of the company’s stock worth $5,653,000 after purchasing an additional 2,325 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 0.2%

Shares of NASDAQ:PLTR opened at $179.12 on Friday. Palantir Technologies Inc. has a 52 week low of $36.05 and a 52 week high of $190.00. The company’s 50 day moving average is $165.68 and its two-hundred day moving average is $132.60. The company has a market cap of $424.93 billion, a PE ratio of 597.09, a P/E/G ratio of 10.02 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS 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 company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the firm posted $0.09 EPS. 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, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the completion of the sale, the director directly owned 50,794 shares of the company’s stock, valued at $9,021,014.40. The trade was a 15.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider owned 702,786 shares of the company’s stock, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,634,634 shares of company stock worth $250,524,804. Corporate insiders own 9.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group reaffirmed a “neutral” rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Bank of America lifted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday. Loop Capital upped their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Royal Bank Of Canada upped their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $140.22.

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.