Inspire Advisors LLC Boosts Stock Position in Palantir Technologies Inc. $PLTR

Inspire Advisors LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 75.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,392 shares of the company’s stock after buying an additional 13,049 shares during the period. Palantir Technologies accounts for about 0.4% of Inspire Advisors LLC’s holdings, making the stock its 27th largest holding. Inspire Advisors LLC’s holdings in Palantir Technologies were worth $4,143,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new position in Palantir Technologies in the second quarter valued at approximately $2,543,888,000. Vanguard Group Inc. boosted its holdings in shares of Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after buying an additional 7,194,216 shares in the last quarter. Nuveen LLC purchased a new position in shares of Palantir Technologies in the 1st quarter valued at $520,232,000. Price T Rowe Associates Inc. MD raised its stake in Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Robert W. Baird lifted 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. CICC Research increased their price objective on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Northland Securities lifted their target price on shares of Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, Citigroup lifted their price objective on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average target price of $172.28.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction on 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 transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,527,750 shares of company stock worth $234,463,896 in the last three months. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $171.25 on Tuesday. Palantir Technologies Inc. has a one year low of $58.85 and a one year high of $207.52. The company has a market cap of $408.16 billion, a P/E ratio of 407.75, a PEG ratio of 6.75 and a beta of 2.63. The firm has a fifty day moving average of $180.78 and a two-hundred day moving average of $157.29.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results 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 business 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 business’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. 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 year.

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.