Palantir Technologies Inc. $PLTR Shares Purchased by Level Four Advisory Services LLC

by · The Cerbat Gem

Level Four Advisory Services LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,106 shares of the company’s stock after buying an additional 1,859 shares during the quarter. Level Four Advisory Services LLC’s holdings in Palantir Technologies were worth $3,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Kingstone Capital Partners Texas LLC acquired a new position in Palantir Technologies during the second quarter worth approximately $2,543,888,000. Vanguard Group Inc. boosted its holdings in shares of Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter valued at $520,232,000. Price T Rowe Associates Inc. MD grew its stake in shares of Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after buying an additional 4,748,513 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after buying an additional 4,221,392 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $168.44 on Friday. The firm has a market capitalization of $401.46 billion, a PE ratio of 401.05, a price-to-earnings-growth ratio of 6.43 and a beta of 2.63. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The stock’s 50 day moving average price is $179.48 and its 200 day moving average price is $159.60.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter 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. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 39,136 shares of Palantir Technologies stock in a transaction dated 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 sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $92,500. The trade was a 98.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the completion of the transaction, the insider owned 251,409 shares in the company, valued at approximately $40,818,765.24. This trade represents a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,146,892 shares of company stock worth $186,381,382 over the last three months. 9.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PLTR has been the topic of a number of research analyst reports. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Bank of America lifted their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Jefferies Financial Group reiterated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Morgan Stanley raised their price target on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $172.28.

Check Out Our Latest Research Report on Palantir Technologies

Palantir Technologies Profile

(Free Report)

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.

Further Reading

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