Sequoia Financial Advisors LLC Raises Stake in Palantir Technologies Inc. $PLTR

Sequoia Financial Advisors LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,368 shares of the company’s stock after buying an additional 10,560 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Palantir Technologies were worth $40,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vest Financial LLC boosted its stake in Palantir Technologies by 39.3% in the second quarter. Vest Financial LLC now owns 29,169 shares of the company’s stock worth $3,976,000 after buying an additional 8,226 shares in the last quarter. Yousif Capital Management LLC boosted its stake in Palantir Technologies by 2.6% in the second quarter. Yousif Capital Management LLC now owns 249,810 shares of the company’s stock worth $34,054,000 after buying an additional 6,294 shares in the last quarter. MGO One Seven LLC boosted its stake in Palantir Technologies by 52.2% in the second quarter. MGO One Seven LLC now owns 56,796 shares of the company’s stock worth $7,742,000 after buying an additional 19,472 shares in the last quarter. SW Investment Management LLC purchased a new stake in Palantir Technologies in the second quarter worth approximately $20,448,000. Finally, Presilium Private Wealth LLC purchased a new stake in Palantir Technologies in the second quarter worth approximately $204,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 5.4%

Shares of Palantir Technologies stock opened at $175.44 on Monday. The company has a market cap of $416.20 billion, a PE ratio of 584.82, a P/E/G ratio of 9.51 and a beta of 2.60. The business has a 50 day moving average of $171.32 and a 200 day moving average of $140.40. Palantir Technologies Inc. has a 52 week low of $40.36 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its 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 company had revenue of $1 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup reaffirmed a “neutral” rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Finally, Piper Sandler set a $182.00 price objective on Palantir Technologies in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $140.22.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,714,146 over the last 90 days. Company insiders own 12.93% of the company’s stock.

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.