Gainplan LLC Makes New $422,000 Investment in Palantir Technologies Inc. $PLTR

Gainplan LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,099 shares of the company’s stock, valued at approximately $422,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the second quarter worth $25,000. Family Legacy Financial Solutions LLC acquired a new position in Palantir Technologies in the second quarter worth $31,000. Adirondack Trust Co. boosted its stake in Palantir Technologies by 185.0% in the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock worth $39,000 after purchasing an additional 185 shares in the last quarter. Mechanics Financial Corp acquired a new position in Palantir Technologies in the first quarter worth $25,000. Finally, Park Place Capital Corp boosted its stake in Palantir Technologies by 48.1% in the second quarter. Park Place Capital Corp now owns 308 shares of the company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares of the company’s stock, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock valued at $244,714,146 in the last ninety days. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on PLTR shares. Royal Bank Of Canada boosted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, Bank of America boosted their target price on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Trading Up 1.5%

NASDAQ PLTR opened at $182.17 on Wednesday. The stock has a 50-day simple moving average of $169.85 and a 200 day simple moving average of $138.26. The company has a market capitalization of $432.17 billion, a PE ratio of 607.25, a P/E/G ratio of 10.02 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $39.01 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’s revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $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 predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.