DecisionMap Wealth Management LLC Has $361,000 Stake in Palantir Technologies Inc. $PLTR

DecisionMap Wealth Management LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 19.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,648 shares of the company’s stock after selling 655 shares during the period. DecisionMap Wealth Management LLC’s holdings in Palantir Technologies were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Truist Financial Corp boosted its position in shares of Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after purchasing an additional 21,809 shares during the last quarter. Presilium Private Wealth LLC acquired a new position in Palantir Technologies in the second quarter valued at about $204,000. New Century Financial Group LLC bought a new position in Palantir Technologies during the second quarter worth about $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after buying an additional 1,135,841 shares during the period. Finally, Synergy Asset Management LLC increased its stake in shares of Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock valued at $1,312,000 after acquiring an additional 2,606 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on PLTR. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Bank of America boosted their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Finally, The Goldman Sachs Group raised their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.28.

Get Our Latest Report on PLTR

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction dated Wednesday, August 20th. The stock was 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 trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares in the company, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,557,750 shares of company stock valued at $239,713,896 over the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 1.9%

Shares of PLTR stock opened at $181.59 on Tuesday. The firm has a fifty day moving average of $171.50 and a 200-day moving average of $144.42. Palantir Technologies Inc. has a 12-month low of $40.90 and a 12-month high of $190.00. The company has a market capitalization of $430.79 billion, a price-to-earnings ratio of 605.32, a P/E/G ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for 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 firm’s revenue was up 48.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

About Palantir Technologies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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