Mascagni Wealth Management Inc. Reduces Position in Palantir Technologies Inc. $PLTR

Mascagni Wealth Management Inc. decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 59.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,924 shares of the company’s stock after selling 16,285 shares during the period. Palantir Technologies comprises approximately 1.3% of Mascagni Wealth Management Inc.’s holdings, making the stock its 21st largest position. Mascagni Wealth Management Inc.’s holdings in Palantir Technologies were worth $1,489,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Northern Trust Corp lifted its holdings in Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after purchasing an additional 64,973 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Palantir Technologies during the second quarter valued at about $2,543,888,000. Invesco Ltd. grew its position in shares of Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock worth $1,149,055,000 after purchasing an additional 571,544 shares during the period. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Mizuho boosted their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday. DA Davidson increased their price objective on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a report on Tuesday. Loop Capital boosted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $169.44.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the transaction, the insider owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,527,750 shares of company stock valued at $234,463,896 over the last 90 days. Insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $187.90 on Thursday. The company has a market capitalization of $445.76 billion, a PE ratio of 447.39, a P/E/G ratio of 10.11 and a beta of 2.63. The firm’s 50-day moving average is $176.97 and its 200 day moving average is $152.92. Palantir Technologies Inc. has a 12 month low of $51.61 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $0.10 EPS. Palantir Technologies’s quarterly revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.