Mutual Advisors LLC Decreases Stock Holdings in Palantir Technologies Inc. $PLTR

Mutual Advisors LLC reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,638 shares of the company’s stock after selling 1,763 shares during the period. Mutual Advisors LLC’s holdings in Palantir Technologies were worth $7,857,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies in the 4th quarter worth approximately $450,000. Bison Wealth LLC raised its holdings in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares in the last quarter. GAMMA Investing LLC lifted its stake in Palantir Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock worth $1,912,000 after acquiring an additional 9,810 shares during the period. CX Institutional bought a new stake in Palantir Technologies in the first quarter valued at $62,000. Finally, Ritholtz Wealth Management increased its position in Palantir Technologies by 96.6% during the 1st quarter. Ritholtz Wealth Management now owns 20,999 shares of the company’s stock valued at $1,772,000 after purchasing an additional 10,318 shares during the period. 45.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on PLTR shares. Deutsche Bank Aktiengesellschaft raised shares of 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 report on Tuesday, August 5th. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Mizuho set a $165.00 target price on Palantir Technologies in a report on Monday, September 15th. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company 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 assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $141.28.

Palantir Technologies Stock Up 1.4%

Shares of PLTR opened at $179.74 on Wednesday. The stock has a market cap of $426.40 billion, a P/E ratio of 599.15, a P/E/G ratio of 9.61 and a beta of 2.60. The business’s 50 day moving average price is $171.78 and its 200-day moving average price is $141.31. Palantir Technologies Inc. has a 52 week low of $40.36 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous 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, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the business’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 $29,020,656.40. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at $89,611.04. The trade was a 99.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is currently owned by corporate insiders.

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.