JSF Financial LLC Purchases 536 Shares of Palantir Technologies Inc. $PLTR

JSF Financial LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,584 shares of the company’s stock after buying an additional 536 shares during the period. JSF Financial LLC’s holdings in Palantir Technologies were worth $489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mechanics Financial Corp bought a new position in shares of Palantir Technologies during the 1st quarter valued at about $25,000. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies during the first quarter worth $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies during the first quarter worth $27,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies during the second quarter worth $31,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. The trade was a 34.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,676,722 in the last ninety days. 9.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and lifted their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $173.07 on Friday. The firm has a 50-day moving average of $168.90 and a 200-day moving average of $136.98. The stock has a market cap of $410.58 billion, a PE ratio of 576.92, a P/E/G ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $38.78 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results 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. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business’s revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.