Richmond Investment Services LLC Acquires New Holdings in Palantir Technologies Inc. $PLTR

Richmond Investment Services LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,518 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the second quarter worth $25,000. Briaud Financial Planning Inc bought a new position in Palantir Technologies during the 2nd quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new position in Palantir Technologies during the 2nd quarter worth about $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $28,000. Finally, MTM Investment Management LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm’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 directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 149,872 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $105,410,476.14. This trade represents a 18.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,149,695 shares of company stock worth $186,821,453. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 1.4%

NASDAQ:PLTR opened at $165.77 on Thursday. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The company has a fifty day moving average of $179.98 and a 200-day moving average of $159.20. The firm has a market capitalization of $395.10 billion, a P/E ratio of 394.70, a P/E/G ratio of 6.34 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PLTR. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Royal Bank Of Canada upped their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Wall Street Zen raised shares of Palantir Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Robert W. Baird boosted their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $172.28.

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.