C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $1.65 Million Position in Palantir Technologies Inc. $PLTR

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 23.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,077 shares of the company’s stock after purchasing an additional 2,313 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Palantir Technologies were worth $1,646,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies during the fourth quarter worth about $450,000. Bison Wealth LLC grew its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC grew its position in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after buying an additional 4,722 shares in the last quarter. D.A. Davidson & CO. grew its position in Palantir Technologies by 4.2% during the first quarter. D.A. Davidson & CO. now owns 74,851 shares of the company’s stock worth $6,317,000 after buying an additional 3,013 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its position in Palantir Technologies by 8.6% during the first quarter. Checchi Capital Advisers LLC now owns 3,700 shares of the company’s stock worth $312,000 after buying an additional 292 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 3.0%

NASDAQ:PLTR opened at $200.47 on Friday. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $204.18. The firm has a 50 day moving average of $174.75 and a 200-day moving average of $150.78. The stock has a market capitalization of $475.58 billion, a P/E ratio of 668.26, a price-to-earnings-growth ratio of 10.87 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. Palantir Technologies’s quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction that occurred on 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 completion of the transaction, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last ninety days. 9.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Bank of America raised their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $142.00.

Palantir Technologies Company 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.