Fourpath Capital Management LLC Makes New Investment in Palantir Technologies Inc. $PLTR

Fourpath Capital Management LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, Holdings Channel reports. The fund purchased 1,902 shares of the company’s stock, valued at approximately $259,000.

A number of other large investors also recently added to or reduced their stakes in the company. Robertson Stephens Wealth Management LLC acquired a new position in Palantir Technologies during the second quarter worth $260,000. Aurora Private Wealth Inc. lifted its stake in Palantir Technologies by 24.6% during the second quarter. Aurora Private Wealth Inc. now owns 5,965 shares of the company’s stock worth $813,000 after purchasing an additional 1,178 shares in the last quarter. Shikiar Asset Management Inc. lifted its stake in Palantir Technologies by 12.6% during the second quarter. Shikiar Asset Management Inc. now owns 20,756 shares of the company’s stock worth $2,829,000 after purchasing an additional 2,320 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its stake in Palantir Technologies by 0.8% during the second quarter. Cyndeo Wealth Partners LLC now owns 99,686 shares of the company’s stock worth $13,589,000 after purchasing an additional 817 shares in the last quarter. Finally, Brandywine Oak Private Wealth LLC acquired a new position in Palantir Technologies during the second quarter worth $266,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $175.44 on Friday. The stock’s 50-day moving average is $171.32 and its two-hundred day moving average is $139.72. The firm has a market cap of $416.20 billion, a price-to-earnings ratio of 584.82, a PEG ratio of 10.05 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $40.36 and a 1 year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for 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 business’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In related 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 transaction, the insider 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 filing with the SEC, which is available through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,591,085 shares of company stock valued at $244,714,146. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank Of Canada upped their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital increased their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. Finally, Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.