Palantir Technologies Inc. $PLTR Shares Bought by Mirador Capital Partners LP

Mirador Capital Partners LP raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,464 shares of the company’s stock after purchasing an additional 496 shares during the quarter. Mirador Capital Partners LP’s holdings in Palantir Technologies were worth $1,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC boosted its holdings in Palantir Technologies by 2.0% in the second quarter. Gateway Investment Advisers LLC now owns 371,058 shares of the company’s stock valued at $50,583,000 after acquiring an additional 7,354 shares during the last quarter. David J Yvars Group acquired a new position in Palantir Technologies in the second quarter valued at $1,683,000. Hummer Financial Advisory Services Inc acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $225,000. Aaron Wealth Advisors LLC lifted its stake in shares of Palantir Technologies by 14.1% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 12,475 shares of the company’s stock valued at $1,701,000 after purchasing an additional 1,544 shares in the last quarter. Finally, Keystone Wealth Services LLC lifted its stake in shares of Palantir Technologies by 15.4% in the 2nd quarter. Keystone Wealth Services LLC now owns 5,218 shares of the company’s stock valued at $711,000 after purchasing an additional 698 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 0.6%

Shares of NASDAQ PLTR opened at $170.26 on Wednesday. The stock’s 50 day moving average price is $161.32 and its two-hundred day moving average price is $128.32. Palantir Technologies Inc. has a 52-week low of $35.71 and a 52-week high of $190.00. The stock has a market capitalization of $403.91 billion, a P/E ratio of 567.55, a PEG ratio of 9.65 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly 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. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business’s revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on PLTR. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research note on Tuesday, August 5th. UBS Group reaffirmed 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. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their target price for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Loop Capital lifted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Bank of America boosted their price objective on Palantir Technologies from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $138.28.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of the 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 owned 702,786 shares in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 21,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the sale, the director owned 59,794 shares in the company, valued at approximately $9,922,814.30. This trade represents a 25.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,625,634 shares of company stock valued at $248,926,404 in the last ninety days. 12.93% of the stock is owned by insiders.

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.