Bill Few Associates Inc. Purchases New Position in Palantir Technologies Inc. $PLTR

Bill Few Associates Inc. purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, Holdings Channel reports. The fund purchased 1,816 shares of the company’s stock, valued at approximately $248,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $450,000. Bison Wealth LLC raised its stake in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Palantir Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock worth $1,912,000 after acquiring an additional 9,810 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company’s stock worth $4,191,000 after acquiring an additional 6,479 shares during the last quarter. Finally, CX Institutional bought a new position in shares of Palantir Technologies in the first quarter worth about $62,000. 45.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on PLTR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. UBS Group reaffirmed a “neutral” rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $140.22.

Palantir Technologies Price Performance

PLTR opened at $175.44 on Monday. The company has a market cap of $416.20 billion, a price-to-earnings ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. The firm has a 50 day simple moving average of $171.32 and a 200 day simple moving average of $140.40. Palantir Technologies Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In related news, insider Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,591,085 shares of company stock valued at $244,714,146. 12.93% of the stock is currently owned by company 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.