Chicago Partners Investment Group LLC Buys 828 Shares of Palantir Technologies Inc. $PLTR

Chicago Partners Investment Group LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 23,693 shares of the company’s stock after purchasing an additional 828 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Palantir Technologies were worth $3,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Mechanics Financial Corp bought a new stake in Palantir Technologies in the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies during the first quarter valued at approximately $27,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Palantir Technologies during the second quarter valued at approximately $28,000. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the 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 directly owned 50,961 shares in the company, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,557,750 shares of company stock valued at $239,713,896. 12.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on PLTR shares. Piper Sandler upped their target price on Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Bank of America upped their target price on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Citigroup restated a “neutral” rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $141.28.

Palantir Technologies Stock Up 0.0%

Shares of PLTR stock opened at $178.15 on Monday. The stock has a market cap of $422.63 billion, a price-to-earnings ratio of 593.85, a PEG ratio of 9.66 and a beta of 2.60. The business’s fifty day moving average is $171.52 and its 200 day moving average is $143.67. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’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 earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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.