Gainplan LLC Makes New $422,000 Investment in Palantir Technologies Inc. $PLTR

Gainplan LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,099 shares of the company’s stock, valued at approximately $422,000.

Other large investors also recently modified their holdings of the company. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the second quarter worth about $25,000. Family Legacy Financial Solutions LLC bought a new position in shares of Palantir Technologies during the second quarter worth about $31,000. Adirondack Trust Co. grew its holdings in shares of Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock worth $39,000 after buying an additional 185 shares in the last quarter. Mechanics Financial Corp bought a new position in shares of Palantir Technologies during the first quarter worth about $25,000. Finally, Park Place Capital Corp grew its holdings in shares of Palantir Technologies by 48.1% during the second quarter. Park Place Capital Corp now owns 308 shares of the company’s stock worth $40,000 after buying an additional 100 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were 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 of the company’s stock, valued at approximately $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,591,085 shares of company stock valued at $244,714,146. Insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research reports. Citigroup reiterated a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a report on Monday, September 15th. Finally, The Goldman Sachs Group increased their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $182.17 on Wednesday. The stock has a 50 day moving average price of $169.85 and a 200 day moving average price of $138.26. Palantir Technologies Inc. has a 52 week low of $39.01 and a 52 week high of $190.00. The stock has a market capitalization of $432.17 billion, a PE ratio of 607.25, a price-to-earnings-growth ratio of 10.02 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 EPS 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 analysts’ expectations of $939.29 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The business’s quarterly 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. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current 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.