Palantir Technologies Inc. $PLTR Shares Bought by Creekmur Asset Management LLC

Creekmur Asset Management LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 79.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,905 shares of the company’s stock after purchasing an additional 9,263 shares during the quarter. Creekmur Asset Management LLC’s holdings in Palantir Technologies were worth $2,850,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $450,000. Bison Wealth LLC lifted its position in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of Palantir Technologies in the first quarter valued at approximately $241,000. Mather Group LLC. lifted its position in shares of Palantir Technologies by 834.7% in the first quarter. Mather Group LLC. now owns 8,319 shares of the company’s stock valued at $702,000 after acquiring an additional 7,429 shares in the last quarter. Finally, Rossby Financial LCC purchased a new position in shares of Palantir Technologies in the first quarter valued at approximately $108,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the firm’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 completion of the sale, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,557,750 shares of company stock valued at $239,713,896 over the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PLTR shares. Cantor Fitzgerald raised their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Piper Sandler raised their target price on Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Finally, Mizuho set a $165.00 price target on Palantir Technologies in a report on Monday, September 15th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $142.00.

Palantir Technologies Stock Down 2.1%

PLTR stock opened at $194.55 on Friday. The business has a fifty day moving average of $173.92 and a two-hundred day moving average of $149.67. The stock has a market cap of $461.54 billion, a price-to-earnings ratio of 648.52, a price-to-earnings-growth ratio of 10.78 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $199.85.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate 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.