Palantir Technologies Inc. $PLTR Shares Purchased by Transcendent Capital Group LLC

Transcendent Capital Group LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.7% in the second quarter, Holdings Channel reports. The firm owned 12,408 shares of the company’s stock after buying an additional 92 shares during the period. Transcendent Capital Group LLC’s holdings in Palantir Technologies were worth $1,691,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after acquiring an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Palantir Technologies in the 2nd quarter worth $2,543,888,000. Invesco Ltd. raised its stake in Palantir Technologies by 20.3% in the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after acquiring an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock worth $1,149,055,000 after acquiring an additional 571,544 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 5.4%

Shares of Palantir Technologies stock opened at $175.44 on Friday. Palantir Technologies Inc. has a twelve month low of $40.36 and a twelve month high of $190.00. The business has a 50-day moving average price of $171.32 and a 200 day moving average price of $140.05. The firm has a market cap of $416.20 billion, a PE ratio of 584.82, a P/E/G ratio of 9.51 and a beta of 2.60.

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

Insider Transactions at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock worth $244,714,146 over the last quarter. Company insiders own 9.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PLTR shares. Loop Capital raised their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada boosted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $140.22.

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.