Denali Advisors LLC Acquires 26,696 Shares of Palantir Technologies Inc. $PLTR

Denali Advisors LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 69.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,921 shares of the company’s stock after acquiring an additional 26,696 shares during the period. Palantir Technologies comprises approximately 0.9% of Denali Advisors LLC’s portfolio, making the stock its 20th biggest holding. Denali Advisors LLC’s holdings in Palantir Technologies were worth $8,850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PLTR. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies during the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC purchased a new stake in shares of Palantir Technologies during the first quarter valued at approximately $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at approximately $28,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on PLTR. Citigroup reaffirmed 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. The Goldman Sachs Group raised their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Loop Capital raised 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. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $141.28.

Insider Activity

In related news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated 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 owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,557,750 shares of company stock valued at $239,713,896. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $181.51 on Wednesday. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00. The business has a fifty day moving average price of $171.39 and a 200-day moving average price of $144.68. The company has a market capitalization of $430.60 billion, a PE ratio of 605.05, a PEG ratio of 9.84 and a beta of 2.60.

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, 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 the consensus estimate of $939.29 million. During the same period last year, the company earned $0.09 earnings per share. The company’s 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. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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.