Milestone Asset Management Group LLC Acquires Shares of 1,957 Palantir Technologies Inc. $PLTR

Milestone Asset Management Group LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,957 shares of the company’s stock, valued at approximately $267,000.

Other hedge funds have also recently bought and sold shares of the company. Truist Financial Corp boosted its position in Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after buying an additional 21,809 shares during the last quarter. Presilium Private Wealth LLC bought a new position in shares of Palantir Technologies in the 2nd quarter worth $204,000. New Century Financial Group LLC bought a new position in shares of Palantir Technologies in the 2nd quarter worth $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after purchasing an additional 1,135,841 shares during the last quarter. Finally, Synergy Asset Management LLC boosted its position in shares of Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock worth $1,312,000 after purchasing an additional 2,606 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares in the company, valued at $11,572,395.93. This represents a 1.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,557,750 shares of company stock worth $239,713,896 in the last three months. 12.93% of the stock is owned by insiders.

Analyst Ratings Changes

PLTR has been the topic of several recent research reports. Loop Capital raised their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Bank of America raised their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday, September 15th. Finally, The Goldman Sachs Group raised their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $142.00.

Palantir Technologies Trading Up 0.2%

Shares of Palantir Technologies stock opened at $189.60 on Wednesday. The company has a market capitalization of $449.80 billion, a PE ratio of 632.02, a PEG ratio of 10.25 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $192.83. The stock’s fifty day simple moving average is $172.29 and its 200 day simple moving average is $148.59.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’s revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Palantir Technologies Company 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.