Park Place Capital Corp Increases Stake in Palantir Technologies Inc. $PLTR

Park Place Capital Corp lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 48.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 308 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Park Place Capital Corp’s holdings in Palantir Technologies were worth $40,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Christensen King & Associates Investment Services Inc. grew its stake in Palantir Technologies by 1.3% in the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after acquiring an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. boosted its stake in Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock worth $1,007,000 after purchasing an additional 73 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Palantir Technologies by 3.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company’s stock worth $329,000 after purchasing an additional 80 shares during the last quarter. Oxinas Partners Wealth Management LLC boosted its stake in Palantir Technologies by 2.7% during the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company’s stock worth $410,000 after purchasing an additional 80 shares during the last quarter. Finally, Optima Capital LLC boosted its stake in Palantir Technologies by 0.6% during the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company’s stock worth $1,066,000 after purchasing an additional 81 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on PLTR shares. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the stock a “neutral” 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. Cantor Fitzgerald lifted their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their target price for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Four equities 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, the stock presently has an average rating of “Hold” and an average target price of $140.22.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the sale, the director directly owned 50,794 shares in the company, valued at approximately $9,021,014.40. The trade was a 15.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,676,722 in the last 90 days. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Up 1.4%

NASDAQ PLTR opened at $184.95 on Thursday. Palantir Technologies Inc. has a 52 week low of $36.15 and a 52 week high of $190.00. The business’s fifty day simple moving average is $167.97 and its 200-day simple moving average is $135.33. The firm has a market cap of $438.76 billion, a PE ratio of 616.52, a P/E/G ratio of 10.18 and a beta of 2.60.

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

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.