2,250 Shares in Palantir Technologies Inc. $PLTR Bought by Crosspoint Financial LLC

Crosspoint Financial LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,250 shares of the company's stock, valued at approximately $307,000. Palantir Technologies makes up about 0.8% of Crosspoint Financial LLC's investment portfolio, making the stock its 26th biggest position.

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A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies in the first quarter worth about $27,000. 1248 Management LLC bought a new stake in Palantir Technologies during the first quarter worth approximately $27,000. Briaud Financial Planning Inc purchased a new stake in Palantir Technologies during the second quarter valued at approximately $27,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Palantir Technologies during the second quarter valued at approximately $27,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on PLTR shares. Jefferies Financial Group reiterated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Royal Bank Of Canada raised their price target on Palantir Technologies from $45.00 to $50.00 and gave the stock an "underperform" rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, November 4th. CICC Research boosted their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a "neutral" rating in a research report on Wednesday, November 12th. Finally, Daiwa Capital Markets increased their target price on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $172.28.

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Check Out Our Latest Stock Analysis on Palantir Technologies

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the business's stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the completion of the sale, the insider directly owned 251,409 shares of the company's stock, valued at $40,818,765.24. The trade was a 12.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 39,136 shares of the firm's stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $6,115,000.00. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $92,500. This trade represents a 98.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,146,892 shares of company stock worth $186,381,382 over the last ninety days. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 1.4%

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Shares of Palantir Technologies stock opened at $165.77 on Friday. The stock's fifty day moving average is $179.76 and its two-hundred day moving average is $159.25. Palantir Technologies Inc. has a 52 week low of $63.40 and a 52 week high of $207.52. The company has a market capitalization of $395.10 billion, a PE ratio of 394.70, a price-to-earnings-growth ratio of 6.43 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business's revenue for the quarter was up 62.8% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.

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Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

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