Belpointe Asset Management LLC Sells 13,676 Shares of Palantir Technologies Inc. $PLTR

Belpointe Asset Management LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,265 shares of the company’s stock after selling 13,676 shares during the quarter. Belpointe Asset Management LLC’s holdings in Palantir Technologies were worth $5,508,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mechanics Financial Corp bought a new position in Palantir Technologies in the 1st quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the 1st quarter valued at $27,000. Richardson Capital Management LLC bought a new position in Palantir Technologies in the 1st quarter valued at $33,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after acquiring an additional 185 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction dated 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 in the company, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated Friday, September 5th. The stock was 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 owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,604,634 shares of company stock valued at $245,441,454. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of recent research reports. Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Bank of America boosted their target price on Palantir Technologies from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Finally, Cantor Fitzgerald boosted their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $136.61.

Palantir Technologies Trading Up 4.0%

NASDAQ PLTR opened at $162.36 on Wednesday. The stock has a 50-day simple moving average of $158.03 and a 200 day simple moving average of $125.50. The company has a market capitalization of $385.17 billion, a PE ratio of 541.22, a P/E/G ratio of 8.80 and a beta of 2.59. Palantir Technologies Inc. has a 12 month low of $33.62 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business 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 firm’s revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies 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.