Concurrent Investment Advisors LLC Boosts Holdings in Palantir Technologies Inc. $PLTR

Concurrent Investment Advisors LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 23.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 186,280 shares of the company’s stock after purchasing an additional 34,899 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Palantir Technologies were worth $25,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the second quarter worth approximately $25,000. Family Legacy Financial Solutions LLC purchased a new position in Palantir Technologies in the second quarter worth approximately $31,000. Adirondack Trust Co. lifted its stake in Palantir Technologies by 185.0% in the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock worth $39,000 after acquiring an additional 185 shares during the last quarter. Mechanics Financial Corp purchased a new position in Palantir Technologies in the first quarter worth approximately $25,000. Finally, JNBA Financial Advisors lifted its stake in Palantir Technologies by 200.0% in the second quarter. JNBA Financial Advisors now owns 300 shares of the company’s stock worth $41,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald lifted their price target 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. UBS Group reiterated a “neutral” rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Royal Bank Of Canada raised their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $140.22.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. The trade was a 34.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction 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 completion of the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,591,085 shares of company stock worth $244,714,146. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Down 5.4%

PLTR 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 company’s 50 day moving average is $171.32 and its two-hundred day moving average is $140.05. The stock has a market cap of $416.20 billion, a P/E ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60.

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