Floyd Financial Group LLC Purchases Shares of 7,764 Palantir Technologies Inc. $PLTR

Floyd Financial Group LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, Holdings Channel reports. The firm purchased 7,764 shares of the company’s stock, valued at approximately $1,380,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Beaird Harris Wealth Management LLC raised its stake in shares of Palantir Technologies by 16.6% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 5,714 shares of the company’s stock worth $1,016,000 after acquiring an additional 814 shares in the last quarter. Monetary Solutions Ltd acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $36,000. Kera Capital Partners Inc. boosted its stake in Palantir Technologies by 8.2% in the fourth quarter. Kera Capital Partners Inc. now owns 5,599 shares of the company’s stock valued at $995,000 after acquiring an additional 422 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co purchased a new position in Palantir Technologies in the fourth quarter worth $475,000. Finally, MV Capital Management Inc. purchased a new position in Palantir Technologies in the fourth quarter worth $258,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup increased their price objective on Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. DA Davidson dropped their target price on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. UBS Group raised Palantir Technologies from a “buy” rating to a “buy” rating in a research report on Tuesday. DZ Bank assumed coverage on Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price target for the company. Finally, Mizuho lowered their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.76.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Wolfe Research upgraded Palantir to Peer Perform from Underperform, citing its AI platform, ontology, and forward-deployed engineers as a strong foundation for enterprise AI growth. Is Palantir Technologies Inc. (PLTR) Becoming the Face of Applied Enterprise AI?
• Positive Sentiment: Recent commentary continues to highlight accelerating U.S. commercial momentum, including rising revenue, more customers, and larger contract wins tied to Palantir’s AIP platform. Palantir’s AIP Momentum Continues to Transform U.S. Commercial Growth
• Positive Sentiment: Some analysts argue Palantir’s rapid growth and strong margins make it hard to ignore, despite valuation concerns, keeping bullish AI sentiment intact. Why This Analyst Says Palantir Stock Is ‘Too Big to Ignore’

Palantir Technologies Stock Down 1.7%

Palantir Technologies stock opened at $128.47 on Friday. Palantir Technologies Inc. has a 52 week low of $122.68 and a 52 week high of $207.52. The company has a market capitalization of $307.98 billion, a price-to-earnings ratio of 144.35, a price-to-earnings-growth ratio of 2.07 and a beta of 1.53. The stock has a 50-day moving average price of $138.18 and a 200 day moving average price of $152.74.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company earned $0.13 EPS. Palantir Technologies’s quarterly revenue was up 84.7% on a year-over-year basis. Research analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $87,444,607.44. The trade was a 20.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 927,270 shares of company stock worth $126,197,785. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.