Wealth Architects LLC Sells 539 Shares of Palantir Technologies Inc. $PLTR

Wealth Architects LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,486 shares of the company’s stock after selling 539 shares during the quarter. Wealth Architects LLC’s holdings in Palantir Technologies were worth $3,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the second quarter worth about $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies in the second quarter worth about $31,000. Adirondack Trust Co. grew its stake in shares of Palantir Technologies by 185.0% in the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock worth $39,000 after purchasing an additional 185 shares during the last quarter. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the first quarter worth about $25,000. Finally, JNBA Financial Advisors grew its stake in shares of Palantir Technologies by 200.0% in the second quarter. JNBA Financial Advisors now owns 300 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 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 transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares of the company’s stock, valued at $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,591,085 shares of company stock valued at $244,714,146. 12.93% of the stock is currently owned by insiders.

Analyst Ratings Changes

PLTR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and raised their target price for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, Citigroup restated a “neutral” rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $140.22.

Palantir Technologies Stock Performance

PLTR stock opened at $175.44 on Monday. The firm has a 50 day moving average price of $171.32 and a 200-day moving average price of $140.40. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00. The firm has a market capitalization of $416.20 billion, a price-to-earnings ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period last year, the business earned $0.09 earnings per share. 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, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies 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.