Impact Capital Partners LLC Has $540,000 Position in Palantir Technologies Inc. $PLTR

Impact Capital Partners LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.0% in the second quarter, Holdings Channel reports. The institutional investor owned 3,958 shares of the company’s stock after buying an additional 151 shares during the period. Impact Capital Partners LLC’s holdings in Palantir Technologies were worth $540,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. Christensen King & Associates Investment Services Inc. raised its position in Palantir Technologies by 1.3% in the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after buying an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. grew its stake in shares of Palantir Technologies by 1.0% in 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. Farmers & Merchants Investments Inc. raised its holdings in shares of Palantir Technologies by 3.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company’s stock valued at $329,000 after purchasing an additional 80 shares during the last quarter. Oxinas Partners Wealth Management LLC raised its holdings in shares of Palantir Technologies by 2.7% in the second quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company’s stock valued at $410,000 after purchasing an additional 80 shares during the last quarter. Finally, Optima Capital LLC lifted its position in shares of Palantir Technologies by 0.6% during the first quarter. Optima Capital LLC now owns 12,626 shares of the company’s stock valued at $1,066,000 after purchasing an additional 81 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the transaction, the director owned 50,794 shares of the company’s stock, valued at $9,021,014.40. This represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock worth $244,676,722 in the last ninety days. 12.93% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PLTR shares. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. UBS Group restated a “neutral” rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a research report on Monday, September 15th. Finally, Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and raised their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $140.22.

Palantir Technologies Trading Up 2.0%

Shares of NASDAQ PLTR opened at $182.42 on Wednesday. The stock has a fifty day simple moving average of $167.37 and a two-hundred day simple moving average of $134.98. Palantir Technologies Inc. has a 1-year low of $36.05 and a 1-year high of $190.00. The firm has a market cap of $432.76 billion, a price-to-earnings ratio of 608.09, a price-to-earnings-growth ratio of 9.98 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (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 for the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the company posted $0.09 earnings per share. The business’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. Analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current 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.