Curran Financial Partners LLC Boosts Stake in Palantir Technologies Inc. $PLTR

Curran Financial Partners LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 43.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,856 shares of the company’s stock after buying an additional 1,169 shares during the quarter. Curran Financial Partners LLC’s holdings in Palantir Technologies were worth $526,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLTR. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the 1st quarter valued at approximately $25,000. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at approximately $27,000. 1248 Management LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,591,085 shares of company stock worth $244,676,722. 9.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PLTR. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and upped their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Citigroup reissued a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Stock Down 7.5%

PLTR stock opened at $173.07 on Friday. The company has a market cap of $410.58 billion, a price-to-earnings ratio of 576.92, a PEG ratio of 10.44 and a beta of 2.60. The business has a fifty day simple moving average of $168.90 and a 200-day simple moving average of $136.63. Palantir Technologies Inc. has a 52 week low of $38.78 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS 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 return on equity of 10.75% and a net margin of 22.18%.The business’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. 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 earnings per share for the current fiscal year.

About Palantir Technologies

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.