DeDora Capital Inc. Invests $271,000 in Palantir Technologies Inc. $PLTR

DeDora Capital Inc. acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,991 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC bought a new position in Palantir Technologies in the 4th quarter valued at approximately $450,000. Bison Wealth LLC lifted its stake in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. GAMMA Investing LLC lifted its stake in Palantir Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock valued at $1,912,000 after purchasing an additional 9,810 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in Palantir Technologies by 33.4% in the 1st quarter. Johnson Investment Counsel Inc. now owns 8,950 shares of the company’s stock valued at $755,000 after purchasing an additional 2,242 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Palantir Technologies by 198.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 79,954 shares of the company’s stock valued at $6,748,000 after purchasing an additional 53,125 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 0.0%

Shares of NASDAQ PLTR opened at $178.15 on Friday. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $190.00. The firm has a fifty day simple moving average of $171.52 and a 200 day simple moving average of $143.25. The company has a market capitalization of $422.63 billion, a PE ratio of 593.85, a P/E/G ratio of 9.66 and a beta of 2.60.

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

Wall Street Analyst Weigh In

PLTR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Royal Bank Of Canada raised their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Piper Sandler raised their price target on shares of Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, UBS Group reaffirmed a “neutral” rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $141.28.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction 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. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock valued at $239,713,896 over the last three months. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies 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.