Atalanta Sosnoff Capital LLC Buys New Shares in Palantir Technologies Inc. $PLTR

Atalanta Sosnoff Capital LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,790 shares of the company’s stock, valued at approximately $380,000.

Several other hedge funds have also recently made changes to their positions in the business. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC lifted its stake in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC lifted its stake in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares during the period. Assetmark Inc. boosted its holdings in shares of Palantir Technologies by 775.0% during the 1st quarter. Assetmark Inc. now owns 10,421 shares of the company’s stock worth $880,000 after buying an additional 9,230 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in shares of Palantir Technologies by 8.4% during the 1st quarter. HB Wealth Management LLC now owns 61,892 shares of the company’s stock worth $5,224,000 after buying an additional 4,822 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $154.85 on Monday. Palantir Technologies Inc. has a fifty-two week low of $61.37 and a fifty-two week high of $207.52. The stock has a market cap of $369.08 billion, a price-to-earnings ratio of 368.70, a PEG ratio of 6.00 and a beta of 2.63. The firm’s 50-day simple moving average is $180.34 and its 200 day simple moving average is $158.53.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares in the company, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 150,651 shares of company stock worth $23,892,804 in the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. HSBC lifted their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Piper Sandler upped their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group boosted their target price on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $172.28.

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.