Palantir Technologies Inc. $PLTR Shares Purchased by Clarius Group LLC

Clarius Group LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,398 shares of the company’s stock after purchasing an additional 314 shares during the quarter. Clarius Group LLC’s holdings in Palantir Technologies were worth $1,417,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $450,000. Bison Wealth LLC grew its holdings in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of Palantir Technologies by 84,775.0% during the first quarter. NBC Securities Inc. now owns 3,395 shares of the company’s stock valued at $286,000 after purchasing an additional 3,391 shares during the last quarter. Beacon Financial Group bought a new position in shares of Palantir Technologies during the first quarter valued at approximately $284,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Palantir Technologies by 86.7% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,333 shares of the company’s stock valued at $281,000 after purchasing an additional 1,548 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Down 7.5%

PLTR opened at $173.07 on Friday. The stock has a fifty day moving average of $168.90 and a 200-day moving average of $136.98. The firm has a market capitalization of $410.58 billion, a P/E ratio of 576.92, a PEG ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $38.78 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,591,085 shares of company stock valued at $244,676,722. 9.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PLTR shares. Royal Bank Of Canada upped their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Mizuho set a $165.00 target price on Palantir Technologies in a report on Monday, September 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a report on Saturday, September 27th. Finally, The Goldman Sachs Group increased their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Five investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $140.22.

About Palantir Technologies

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.