Matisse Capital Acquires 600 Shares of Palantir Technologies Inc. $PLTR

Matisse Capital raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 15.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,600 shares of the company’s stock after buying an additional 600 shares during the quarter. Matisse Capital’s holdings in Palantir Technologies were worth $627,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PLTR. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $31,000. Adirondack Trust Co. boosted its position in shares of Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock valued at $39,000 after purchasing an additional 185 shares in the last quarter. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $25,000. Finally, Park Place Capital Corp boosted its position 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 valued at $40,000 after purchasing an additional 100 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PLTR shares. The Goldman Sachs Group lifted their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. UBS Group restated a “neutral” rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Saturday, September 27th. Finally, Cantor Fitzgerald lifted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $140.22.

Palantir Technologies Trading Up 1.5%

Shares of NASDAQ:PLTR opened at $182.17 on Wednesday. The stock has a fifty day simple moving average of $169.85 and a two-hundred day simple moving average of $138.26. The stock has a market capitalization of $432.17 billion, a price-to-earnings ratio of 607.25, a PEG ratio of 10.02 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $39.01 and a 12-month high of $190.00.

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

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. The trade was a 3.35% 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. Corporate insiders own 12.93% of the company’s stock.

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.