Strategic Investment Solutions Inc. IL Purchases 7,619 Shares of Palantir Technologies Inc. $PLTR

Strategic Investment Solutions Inc. IL grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 239.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,798 shares of the company’s stock after acquiring an additional 7,619 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in Palantir Technologies were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mechanics Financial Corp bought a new position in Palantir Technologies in the 1st quarter worth $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the 1st quarter worth $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the 1st quarter worth $27,000. Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies in the 2nd quarter worth $31,000. Finally, Richardson Capital Management LLC bought a new position in Palantir Technologies in the 1st quarter worth $33,000. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup reaffirmed a “neutral” rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Loop Capital increased their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $140.22.

Palantir Technologies Trading Down 0.2%

PLTR opened at $179.12 on Friday. The firm has a market cap of $424.93 billion, a P/E ratio of 597.09, a P/E/G ratio of 10.02 and a beta of 2.59. Palantir Technologies Inc. has a 12 month low of $36.05 and a 12 month high of $190.00. The stock has a 50-day moving average of $165.68 and a 200 day moving average of $132.60.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’s revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred 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 sale, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock valued at $250,524,804 over the last quarter. Corporate insiders own 9.23% of the company’s stock.

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.