Stonehage Fleming Financial Services Holdings Ltd Buys 837 Shares of Palantir Technologies Inc. $PLTR

Stonehage Fleming Financial Services Holdings Ltd raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 78.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,900 shares of the company’s stock after buying an additional 837 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Palantir Technologies were worth $259,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Apollon Wealth Management LLC grew its position in shares of Palantir Technologies by 11.1% in the 2nd quarter. Apollon Wealth Management LLC now owns 82,728 shares of the company’s stock valued at $11,278,000 after buying an additional 8,242 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Palantir Technologies by 98.1% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 51,360 shares of the company’s stock valued at $7,001,000 after buying an additional 25,430 shares during the last quarter. Financial Connections Group Inc. grew its position in shares of Palantir Technologies by 818.5% in the 2nd quarter. Financial Connections Group Inc. now owns 10,471 shares of the company’s stock valued at $1,427,000 after buying an additional 9,331 shares during the last quarter. Invictus Private Wealth LLC grew its position in shares of Palantir Technologies by 1.5% in the 2nd quarter. Invictus Private Wealth LLC now owns 13,085 shares of the company’s stock valued at $1,784,000 after buying an additional 194 shares during the last quarter. Finally, Cross Staff Investments Inc bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $409,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 5.4%

Shares of Palantir Technologies stock opened at $175.44 on Friday. The company has a market cap of $416.20 billion, a PE ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $40.36 and a 52 week high of $190.00. The business has a 50 day moving average price of $171.32 and a 200-day moving average price of $140.05.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm 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 company’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and upped their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Loop Capital upped their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $140.22.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,591,085 shares of company stock valued at $244,714,146. Corporate insiders own 9.23% of the company’s stock.

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.