2,347 Shares in Palantir Technologies Inc. $PLTR Purchased by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,347 shares of the company’s stock, valued at approximately $320,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $25,000. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at about $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. Finally, Briaud Financial Planning Inc purchased a new stake in shares of Palantir Technologies in the second quarter valued at about $27,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In related news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction that occurred on 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 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last ninety days. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $189.60 on Wednesday. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $192.83. The company’s 50 day simple moving average is $172.29 and its 200 day simple moving average is $148.59. The company has a market capitalization of $449.80 billion, a price-to-earnings ratio of 632.02, a PEG ratio of 10.25 and a beta of 2.60.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Bank of America upped their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Citigroup upped their price target on shares of Palantir Technologies from $177.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $142.00.

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.