Farmers & Merchants Investments Inc. Grows Holdings in Palantir Technologies Inc. $PLTR

Farmers & Merchants Investments Inc. grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.4% in the second quarter, Holdings Channel reports. The firm owned 2,412 shares of the company’s stock after acquiring an additional 80 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Palantir Technologies were worth $329,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at about $31,000. Adirondack Trust Co. raised its stake in shares of Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock valued at $39,000 after acquiring an additional 185 shares in the last quarter. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies in the first quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at approximately $27,000. Finally, 1248 Management LLC bought a new position in Palantir Technologies in the first quarter worth approximately $27,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PLTR shares. Bank of America lifted their target price on Palantir Technologies from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Loop Capital lifted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $138.28.

Palantir Technologies Stock Performance

Shares of PLTR opened at $179.33 on Tuesday. The stock has a 50-day moving average of $163.92 and a two-hundred day moving average of $131.20. Palantir Technologies Inc. has a one year low of $36.05 and a one year high of $190.00. The stock has a market cap of $425.43 billion, a P/E ratio of 597.79, a P/E/G ratio of 10.28 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $939.29 million. During the same period in the prior year, the company earned $0.09 earnings per share. The company’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. Analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the sale, the insider owned 592 shares of the company’s stock, valued at approximately $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock worth $250,524,804 in the last quarter. 12.93% of the stock is currently owned by corporate 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.