Leelyn Smith LLC Boosts Stake in Palantir Technologies Inc. $PLTR

Leelyn Smith LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,465 shares of the company’s stock after buying an additional 473 shares during the quarter. Leelyn Smith LLC’s holdings in Palantir Technologies were worth $745,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $450,000. Bison Wealth LLC boosted its holdings in Palantir Technologies by 37.4% in 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 period. GAMMA Investing LLC grew its stake in Palantir Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock worth $1,912,000 after purchasing an additional 9,810 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in Palantir Technologies by 10.3% during the 1st quarter. Daymark Wealth Partners LLC now owns 10,678 shares of the company’s stock worth $901,000 after purchasing an additional 998 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Palantir Technologies by 13.6% during the 1st quarter. Bessemer Group Inc. now owns 25,414 shares of the company’s stock worth $2,145,000 after purchasing an additional 3,050 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $184.63 on Friday. The stock has a 50-day simple moving average of $171.35 and a 200-day simple moving average of $146.34. The stock has a market cap of $438.01 billion, a P/E ratio of 615.45, a P/E/G ratio of 9.78 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its 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. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the business earned $0.09 EPS. The business’s quarterly revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

PLTR has been the subject of several analyst reports. Piper Sandler boosted their target price on Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Loop Capital boosted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Five 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $141.28.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,557,750 shares of company stock worth $239,713,896. Corporate insiders own 9.23% of the company’s stock.

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.