Empirical Finance LLC Acquires Shares of 2,070 Palantir Technologies Inc. $PLTR

Empirical Finance LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, HoldingsChannel reports. The institutional investor bought 2,070 shares of the company’s stock, valued at approximately $282,000.

A number of other hedge funds also recently modified their holdings of PLTR. Accuvest Global Advisors lifted its position in Palantir Technologies by 0.7% during the second quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock worth $1,232,000 after purchasing an additional 63 shares during the period. Ignite Planners LLC raised its position in shares of Palantir Technologies by 0.4% in the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock valued at $2,094,000 after buying an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. lifted its holdings in shares of Palantir Technologies by 1.3% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock worth $747,000 after acquiring an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. boosted its position in shares of Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock worth $1,007,000 after acquiring an additional 73 shares in the last quarter. Finally, Boomfish Wealth Group LLC increased its stake in Palantir Technologies by 2.7% in the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock valued at $379,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent analyst reports. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. HSBC raised their price objective on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada boosted their target price on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 4th. Finally, Northland Securities increased their target price on shares of Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $172.28.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This trade represents a 1.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 150,651 shares of company stock worth $23,892,804. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Down 5.9%

Shares of NASDAQ PLTR opened at $155.74 on Friday. The company has a market capitalization of $371.20 billion, a PE ratio of 370.82, a P/E/G ratio of 6.41 and a beta of 2.63. Palantir Technologies Inc. has a twelve month low of $60.90 and a twelve month high of $207.52. The firm has a fifty day simple moving average of $180.68 and a 200 day simple moving average of $157.63.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $0.10 EPS. The business’s revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 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.

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.