5,626 Shares in Palantir Technologies Inc. $PLTR Bought by L & S Advisors Inc

L & S Advisors Inc bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,626 shares of the company’s stock, valued at approximately $767,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ignite Planners LLC lifted its stake in shares of Palantir Technologies by 0.4% in the second quarter. Ignite Planners LLC now owns 15,364 shares of the company’s stock valued at $2,094,000 after buying an additional 68 shares during the period. King Wealth Management Group increased its stake in Palantir Technologies by 48.8% during the second quarter. King Wealth Management Group now owns 40,456 shares of the company’s stock valued at $5,515,000 after acquiring an additional 13,274 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Palantir Technologies by 4.5% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 452,066 shares of the company’s stock valued at $61,639,000 after acquiring an additional 19,484 shares in the last quarter. Evolution Wealth Advisors LLC lifted its position in shares of Palantir Technologies by 0.9% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 60,095 shares of the company’s stock worth $8,192,000 after acquiring an additional 535 shares during the period. Finally, Hibernia Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $343,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PLTR shares. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. UBS Group increased their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, CICC Research upped their price objective on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus price target of $172.28.

Palantir Technologies Stock Up 1.1%

Shares of PLTR opened at $174.01 on Friday. The stock’s fifty day simple moving average is $180.47 and its 200-day simple moving average is $156.35. The firm has a market capitalization of $414.74 billion, a PE ratio of 414.32, a price-to-earnings-growth ratio of 6.67 and a beta of 2.63. Palantir Technologies Inc. has a 12-month low of $58.85 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction 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 sale, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,527,750 shares of company stock worth $234,463,896. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies 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.