Avaii Wealth Management LLC Purchases 309 Shares of Palantir Technologies Inc. $PLTR

Avaii Wealth Management LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,579 shares of the company’s stock after acquiring an additional 309 shares during the period. Avaii Wealth Management LLC’s holdings in Palantir Technologies were worth $488,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth $450,000. Bison Wealth LLC boosted its position in Palantir Technologies by 37.4% in the 4th 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. Two Sigma Investments LP boosted its position in Palantir Technologies by 132.4% in the 4th quarter. Two Sigma Investments LP now owns 55,083 shares of the company’s stock valued at $4,166,000 after buying an additional 31,383 shares during the period. Pinnacle Wealth Planning Services Inc. bought a new position in Palantir Technologies in the 4th quarter worth about $210,000. Finally, BridgePort Financial Solutions LLC bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $188,000. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at $973,650,893.46. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred on 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 owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,634,634 shares of company stock worth $250,524,804 over the last ninety days. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Trading Down 1.6%

Shares of PLTR stock opened at $179.56 on Thursday. Palantir Technologies Inc. has a 12-month low of $36.05 and a 12-month high of $190.00. The business’s fifty day simple moving average is $165.17 and its 200-day simple moving average is $131.89. The company has a market cap of $425.98 billion, a PE ratio of 598.55, a PEG ratio of 10.29 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the business earned $0.09 EPS. The firm’s revenue for the quarter 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. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Bank of America increased their price objective on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and upped their price objective for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Finally, Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $140.22.

Palantir Technologies Company 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.