JNBA Financial Advisors Has $41,000 Position in Palantir Technologies Inc. $PLTR

JNBA Financial Advisors raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 200.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300 shares of the company’s stock after buying an additional 200 shares during the quarter. JNBA Financial Advisors’ holdings in Palantir Technologies were worth $41,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $25,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $31,000. Adirondack Trust Co. grew its position in shares of Palantir Technologies by 185.0% during the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock worth $39,000 after buying an additional 185 shares during the period. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the 1st quarter worth about $25,000. Finally, Park Place Capital Corp grew its position in shares of Palantir Technologies by 48.1% during the 2nd quarter. Park Place Capital Corp now owns 308 shares of the company’s stock worth $40,000 after buying an additional 100 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares in the company, valued at approximately $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,591,085 shares of company stock worth $244,714,146. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Down 5.4%

NASDAQ:PLTR opened at $175.44 on Friday. Palantir Technologies Inc. has a twelve month low of $40.36 and a twelve month high of $190.00. The business has a 50 day moving average price of $171.32 and a two-hundred day moving average price of $140.05. The company has a market cap of $416.20 billion, a P/E ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The business’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, analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PLTR. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Cantor Fitzgerald boosted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $140.22.

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.