Ring Mountain Capital LLC Buys 1,524 Shares of Palantir Technologies Inc. $PLTR

Ring Mountain Capital LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 24.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,640 shares of the company’s stock after acquiring an additional 1,524 shares during the period. Palantir Technologies comprises 0.6% of Ring Mountain Capital LLC’s investment portfolio, making the stock its 29th biggest position. Ring Mountain Capital LLC’s holdings in Palantir Technologies were worth $1,041,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $450,000. Bison Wealth LLC lifted its stake in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC lifted its stake in shares of Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares in the last quarter. World Investment Advisors lifted its stake in shares of Palantir Technologies by 1.6% during the 1st quarter. World Investment Advisors now owns 22,498 shares of the company’s stock valued at $1,899,000 after buying an additional 354 shares in the last quarter. Finally, HM Payson & Co. lifted its stake in shares of Palantir Technologies by 170.7% during the 1st quarter. HM Payson & Co. now owns 961 shares of the company’s stock valued at $81,000 after buying an additional 606 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent research reports. UBS Group upped their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley upped their price target on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday. Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Royal Bank Of Canada increased their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $168.33.

Insider Activity

In other news, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,527,750 shares of company stock worth $234,463,896. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $190.74 on Wednesday. Palantir Technologies Inc. has a 1 year low of $46.86 and a 1 year high of $207.52. The stock has a market capitalization of $452.50 billion, a PE ratio of 454.15, a P/E/G ratio of 11.23 and a beta of 2.63. The company’s 50 day simple moving average is $176.35 and its two-hundred day simple moving average is $152.68.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 16.27%. The business’s quarterly revenue was up 62.8% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current 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.