Palantir Technologies Inc. $PLTR Shares Bought by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 28.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 30,961 shares of the company’s stock after buying an additional 6,770 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Palantir Technologies were worth $4,221,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PLTR. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth $2,543,888,000. Nuveen LLC purchased a new position in shares of Palantir Technologies in the 1st quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Palantir Technologies by 55.2% in the first 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 purchasing an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after buying an additional 4,221,392 shares in the last quarter. Finally, Amundi grew its position in Palantir Technologies by 56.1% during the first quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after buying an additional 3,815,386 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 7.5%

Shares of PLTR opened at $173.07 on Monday. Palantir Technologies Inc. has a twelve month low of $38.78 and a twelve month high of $190.00. The firm has a market capitalization of $410.58 billion, a P/E ratio of 576.92, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The stock’s fifty day simple moving average is $168.90 and its 200 day simple moving average is $137.33.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the business’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 completion of the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock valued at $244,676,722 over the last quarter. 12.93% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PLTR shares. UBS Group reiterated 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. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a report on Saturday, September 27th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Loop Capital boosted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average 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.