Transcend Capital Advisors LLC Increases Holdings in Palantir Technologies Inc. $PLTR

Transcend Capital Advisors LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 76.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,087 shares of the company’s stock after purchasing an additional 3,492 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Palantir Technologies were worth $1,102,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PLTR. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the second quarter worth about $25,000. Briaud Financial Planning Inc acquired a new stake in Palantir Technologies during the second quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new stake in Palantir Technologies during the second quarter worth about $28,000. Family Legacy Financial Solutions LLC acquired a new stake in Palantir Technologies during the second quarter worth about $31,000. Finally, Tradewinds Capital Management LLC grew its holdings in Palantir Technologies by 147.4% during the second quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on 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 sale, the insider owned 307,470 shares in the company, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The shares were 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 owned 702,786 shares in the company, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last 90 days. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $189.18 on Tuesday. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $192.83. The company has a market cap of $448.80 billion, a price-to-earnings ratio of 630.62, a PEG ratio of 10.01 and a beta of 2.60. The business’s 50 day moving average price is $171.65 and its 200 day moving average price is $147.88.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter last year, the business posted $0.09 earnings per share. The firm’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. On average, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Loop Capital raised their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Cantor Fitzgerald raised their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and raised their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $141.28.

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.