Sloy Dahl & Holst LLC Buys 17,809 Shares of Palantir Technologies Inc. $PLTR

Sloy Dahl & Holst LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 149,749 shares of the company’s stock after purchasing an additional 17,809 shares during the period. Palantir Technologies accounts for 2.8% of Sloy Dahl & Holst LLC’s portfolio, making the stock its 6th biggest position. Sloy Dahl & Holst LLC’s holdings in Palantir Technologies were worth $20,414,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Northern Trust Corp boosted its stake in Palantir Technologies by 0.3% in the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after acquiring an additional 64,973 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $2,543,888,000. Invesco Ltd. grew its stake in Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after buying an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after buying an additional 4,221,392 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Palantir Technologies by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock valued at $1,149,055,000 after acquiring an additional 571,544 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent research reports. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Piper Sandler boosted their price target on shares of Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Loop Capital boosted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, UBS Group restated a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $141.28.

Palantir Technologies Stock Down 3.3%

Shares of NASDAQ PLTR opened at $175.49 on Thursday. The business has a 50 day moving average price of $171.21 and a two-hundred day moving average price of $144.89. Palantir Technologies Inc. has a fifty-two week low of $40.90 and a fifty-two week high of $190.00. The firm has a market cap of $416.32 billion, a PE ratio of 584.99, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating 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 business’s revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business 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 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,557,750 shares of company stock worth $239,713,896. Company insiders own 9.23% of the company’s stock.

Palantir Technologies 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.