Verus Capital Partners LLC Increases Holdings in Palantir Technologies Inc. $PLTR

Verus Capital Partners LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 39.1% during the second quarter, Holdings Channel reports. The firm owned 89,339 shares of the company’s stock after purchasing an additional 25,124 shares during the quarter. Palantir Technologies comprises about 1.0% of Verus Capital Partners LLC’s holdings, making the stock its 16th largest position. Verus Capital Partners LLC’s holdings in Palantir Technologies were worth $12,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Mechanics Financial Corp purchased a new stake in Palantir Technologies during the 1st quarter worth about $25,000. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies in the second quarter valued at $25,000. Wealth Preservation Advisors LLC acquired 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 during the 1st quarter worth approximately $27,000. Finally, Briaud Financial Planning Inc acquired a new stake in Palantir Technologies in the second quarter valued at $27,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 8.8%

Palantir Technologies stock opened at $193.61 on Tuesday. Palantir Technologies Inc. has a 52 week low of $58.53 and a 52 week high of $207.52. The stock has a market cap of $459.31 billion, a P/E ratio of 460.99, a price-to-earnings-growth ratio of 6.90 and a beta of 2.63. The stock has a 50 day moving average of $178.47 and a 200-day moving average of $155.08.

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

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,527,750 shares of company stock valued at $234,463,896 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent research reports. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. HSBC lifted their price objective on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Bank of America upped their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Robert W. Baird upped their target price on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $173.45.

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.