Allen Mooney & Barnes Investment Advisors LLC Sells 1,357 Shares of Palantir Technologies Inc. $PLTR

Allen Mooney & Barnes Investment Advisors LLC lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,659 shares of the company’s stock after selling 1,357 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Palantir Technologies were worth $1,726,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Northern Trust Corp increased its holdings in shares of Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after acquiring an additional 64,973 shares during the period. Invesco Ltd. increased its holdings in shares of Palantir Technologies by 20.3% in the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after acquiring an additional 2,998,716 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock valued at $1,149,055,000 after acquiring an additional 571,544 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Palantir Technologies by 55.2% in 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 acquiring an additional 4,748,513 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of analyst reports. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Cantor Fitzgerald upped their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada upped their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $136.61.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $171.43 on Monday. Palantir Technologies Inc. has a one year low of $34.89 and a one year high of $190.00. The firm has a market cap of $406.69 billion, a price-to-earnings ratio of 571.45, a PEG ratio of 9.66 and a beta of 2.59. The firm’s fifty day moving average is $160.07 and its two-hundred day moving average is $127.42.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm’s revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 160,164 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at $92,204. This represents a 99.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,604,634 shares of company stock worth $245,441,454. 12.93% of the stock is currently owned by company insiders.

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.