Palantir Technologies Inc. $PLTR Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,953 shares of the company’s stock after buying an additional 286 shares during the period. Parkside Financial Bank & Trust’s holdings in Palantir Technologies were worth $1,084,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the second quarter worth $25,000. Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies during the second quarter worth $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth $28,000. Family Legacy Financial Solutions LLC bought a new position in shares of Palantir Technologies in the 2nd quarter worth about $31,000. Finally, Tradewinds Capital Management LLC lifted its position in shares of Palantir Technologies by 147.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PLTR. The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday. HSBC raised their target price on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a report on Wednesday. Mizuho upped their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday. Piper Sandler increased their price target on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $173.45.

Palantir Technologies Trading Up 1.6%

NASDAQ PLTR opened at $177.93 on Friday. The company has a 50-day moving average price of $177.73 and a two-hundred day moving average price of $154.10. Palantir Technologies Inc. has a 52 week low of $55.30 and a 52 week high of $207.52. The stock has a market cap of $422.11 billion, a price-to-earnings ratio of 423.65, a price-to-earnings-growth ratio of 6.89 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The business’s revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. The trade was a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,527,750 shares of company stock worth $234,463,896 in the last ninety days. 9.23% of the stock is currently owned by corporate insiders.

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.