Palantir Technologies Inc. $PLTR is McGuire Investment Group LLC’s 5th Largest Position

McGuire Investment Group LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 8.8% in the second quarter, Holdings Channel reports. The institutional investor owned 225,830 shares of the company’s stock after buying an additional 18,191 shares during the quarter. Palantir Technologies accounts for about 3.9% of McGuire Investment Group LLC’s holdings, making the stock its 5th biggest position. McGuire Investment Group LLC’s holdings in Palantir Technologies were worth $30,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after purchasing an additional 1,135,841 shares in the last quarter. Golden State Equity Partners increased its holdings in shares of Palantir Technologies by 10.1% in the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company’s stock worth $2,503,000 after purchasing an additional 1,677 shares in the last quarter. FMB Wealth Management bought a new stake in shares of Palantir Technologies in the 2nd quarter worth $223,000. Hummer Financial Advisory Services Inc bought a new stake in shares of Palantir Technologies in the 2nd quarter worth $225,000. Finally, Bank of New Hampshire increased its holdings in shares of Palantir Technologies by 11.4% in the 2nd quarter. Bank of New Hampshire now owns 19,842 shares of the company’s stock worth $2,705,000 after purchasing an additional 2,023 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 1.4%

Shares of Palantir Technologies stock opened at $184.95 on Thursday. The stock’s 50-day simple moving average is $167.97 and its 200-day simple moving average is $135.33. Palantir Technologies Inc. has a 52 week low of $36.15 and a 52 week high of $190.00. The company has a market capitalization of $438.76 billion, a price-to-earnings ratio of 616.52, a PEG ratio of 10.18 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data 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 business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the business earned $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. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

PLTR has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.22.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s 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 in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock valued at $244,676,722 in the last ninety days. Company insiders own 9.23% 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.