Corps Capital Advisors LLC Sells 2,085 Shares of Palantir Technologies Inc. $PLTR

Corps Capital Advisors LLC reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,715 shares of the company’s stock after selling 2,085 shares during the period. Palantir Technologies accounts for 2.1% of Corps Capital Advisors LLC’s portfolio, making the stock its 16th largest position. Corps Capital Advisors LLC’s holdings in Palantir Technologies were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Accuvest Global Advisors increased its stake in shares of Palantir Technologies by 0.7% during the second quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock valued at $1,232,000 after purchasing an additional 63 shares in the last quarter. Ignite Planners LLC increased its stake in shares of Palantir Technologies by 0.4% during the second quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock valued at $2,094,000 after purchasing an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. increased its stake in shares of Palantir Technologies by 1.3% during the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after purchasing an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. increased its stake in shares of Palantir Technologies by 1.0% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after purchasing an additional 73 shares in the last quarter. Finally, Boomfish Wealth Group LLC increased its stake in shares of Palantir Technologies by 2.7% during the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock valued at $379,000 after purchasing an additional 73 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares in the company, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,527,750 shares of company stock worth $234,463,896 in the last 90 days. 12.93% of the stock is owned by company insiders.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $190.74 on Wednesday. The company’s fifty day simple moving average is $176.35 and its 200-day simple moving average is $152.68. The stock has a market capitalization of $452.50 billion, a PE ratio of 454.15, a P/E/G ratio of 11.23 and a beta of 2.63. Palantir Technologies Inc. has a 1-year low of $46.86 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 16.27%. The company’s revenue was up 62.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PLTR. Robert W. Baird raised their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday. Mizuho raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America increased their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Piper Sandler increased their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday. Five analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $168.33.

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.