1,810 Shares in Palantir Technologies Inc. $PLTR Acquired by Motive Wealth Advisors

Motive Wealth Advisors bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,810 shares of the company’s stock, valued at approximately $247,000.

Other large investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Palantir Technologies by 10.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after purchasing an additional 1,135,841 shares in the last quarter. Golden State Equity Partners boosted its holdings in shares of Palantir Technologies by 10.1% in the second quarter. Golden State Equity Partners now owns 18,361 shares of the company’s stock valued at $2,503,000 after buying an additional 1,677 shares during the period. Hummer Financial Advisory Services Inc acquired a new position in shares of Palantir Technologies in the second quarter valued at approximately $225,000. Bank of New Hampshire boosted its holdings in shares of Palantir Technologies by 11.4% in the second quarter. Bank of New Hampshire now owns 19,842 shares of the company’s stock valued at $2,705,000 after buying an additional 2,023 shares during the period. Finally, Fox Hill Wealth Management boosted its holdings in shares of Palantir Technologies by 5.9% in the second quarter. Fox Hill Wealth Management now owns 41,470 shares of the company’s stock valued at $5,653,000 after buying an additional 2,325 shares during the period. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The transaction 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 firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,634,634 shares of company stock worth $250,524,804 in the last quarter. 9.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PLTR shares. UBS Group restated a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a report on Monday, September 15th. Royal Bank Of Canada increased their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $140.22.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $179.56 on Thursday. The stock has a market cap of $425.98 billion, a P/E ratio of 598.55, a P/E/G ratio of 10.29 and a beta of 2.59. The company has a fifty day moving average price of $165.17 and a two-hundred day moving average price of $131.89. Palantir Technologies Inc. has a one year low of $36.05 and a one year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last 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, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.