D.B. Root & Company LLC Has $469,000 Stock Position in Palantir Technologies Inc. $PLTR

D.B. Root & Company LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.9% in the second quarter, Holdings Channel.com reports. The firm owned 3,443 shares of the company’s stock after acquiring an additional 311 shares during the period. D.B. Root & Company LLC’s holdings in Palantir Technologies were worth $469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Christensen King & Associates Investment Services Inc. boosted its holdings in Palantir Technologies by 1.3% during the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock worth $747,000 after buying an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in Palantir Technologies by 1.0% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after acquiring an additional 73 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Palantir Technologies by 3.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company’s stock worth $329,000 after purchasing an additional 80 shares during the last quarter. Oxinas Partners Wealth Management LLC increased its position in shares of Palantir Technologies by 2.7% during the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company’s stock worth $410,000 after purchasing an additional 80 shares during the last quarter. Finally, Optima Capital LLC increased its holdings in shares of Palantir Technologies by 0.6% during the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company’s stock worth $1,066,000 after acquiring an additional 81 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,676,722 in the last quarter. Company insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. UBS Group reaffirmed a “neutral” rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Cantor Fitzgerald increased their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Saturday, September 27th. Five equities research 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 data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average price target of $140.22.

Palantir Technologies Stock Down 7.5%

Palantir Technologies stock opened at $173.07 on Monday. The company 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. The stock’s 50 day moving average is $168.90 and its 200 day moving average is $137.33. Palantir Technologies Inc. has a twelve month low of $38.78 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period last year, the business posted $0.09 EPS. The company’s 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 analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.