CMG Global Holdings LLC Purchases 335 Shares of Palantir Technologies Inc. $PLTR

CMG Global Holdings LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 18.0% in the second quarter, Holdings Channel reports. The institutional investor owned 2,195 shares of the company’s stock after buying an additional 335 shares during the quarter. CMG Global Holdings LLC’s holdings in Palantir Technologies were worth $299,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Liberty Square Wealth Partners LLC raised its stake in Palantir Technologies by 3.2% during the second quarter. Liberty Square Wealth Partners LLC now owns 2,818 shares of the company’s stock valued at $384,000 after buying an additional 88 shares during the last quarter. West Tower Group LLC purchased a new position in Palantir Technologies during the second quarter valued at $204,000. Northeast Investment Management raised its stake in Palantir Technologies by 17.7% during the second quarter. Northeast Investment Management now owns 4,987 shares of the company’s stock valued at $680,000 after buying an additional 750 shares during the last quarter. Salomon & Ludwin LLC raised its stake in Palantir Technologies by 60.0% during the second quarter. Salomon & Ludwin LLC now owns 800 shares of the company’s stock valued at $106,000 after buying an additional 300 shares during the last quarter. Finally, Mezzasalma Advisors LLC raised its stake in Palantir Technologies by 35.3% during the second quarter. Mezzasalma Advisors LLC now owns 11,908 shares of the company’s stock valued at $1,623,000 after buying an additional 3,106 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The stock was 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 directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last ninety days. 12.93% of the stock is owned by insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $178.15 on Monday. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00. The firm has a market capitalization of $422.63 billion, a P/E ratio of 593.85, a PEG ratio of 9.66 and a beta of 2.60. The business has a fifty day moving average of $171.52 and a 200 day moving average of $143.67.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping 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 company 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 company posted $0.09 earnings per share. Palantir Technologies’s revenue 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. Analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Bank of America lifted their price objective on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada boosted their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Citigroup restated a “neutral” rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Five 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’s stock. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus price target of $141.28.

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.