Palantir Technologies Inc. $PLTR Shares Bought by First Dallas Securities Inc.

First Dallas Securities Inc. grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 33.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,119 shares of the company’s stock after purchasing an additional 2,300 shares during the period. First Dallas Securities Inc.’s holdings in Palantir Technologies were worth $1,243,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies in the 4th quarter valued at $450,000. Bison Wealth LLC lifted its stake in shares of Palantir Technologies by 37.4% in the 4th 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 period. Capstone Wealth Management Group LLC boosted its holdings in shares of Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Palantir Technologies by 19.2% in the first quarter. Ballentine Partners LLC now owns 21,305 shares of the company’s stock valued at $1,798,000 after acquiring an additional 3,427 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Palantir Technologies by 2.4% during the first quarter. New York State Common Retirement Fund now owns 1,077,741 shares of the company’s stock worth $90,961,000 after acquiring an additional 25,200 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,527,750 shares of company stock worth $234,463,896. 12.93% of the stock is owned by company insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $177.93 on Monday. Palantir Technologies Inc. has a 12 month low of $55.30 and a 12 month high of $207.52. The firm has a market capitalization of $422.11 billion, a price-to-earnings ratio of 423.65, a price-to-earnings-growth ratio of 6.90 and a beta of 2.63. The business’s 50 day simple moving average is $177.73 and its 200-day simple moving average is $154.47.

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. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Northland Securities raised their price objective on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Royal Bank Of Canada increased their target price on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 4th. Daiwa Capital Markets raised their price target on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Finally, Mizuho increased their price objective on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $173.45.

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.