Pinnacle Wealth Planning Services Inc. Acquires 1,123 Shares of Palantir Technologies Inc. $PLTR

Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 21.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,323 shares of the company’s stock after acquiring an additional 1,123 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Palantir Technologies were worth $862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Palantir Technologies during the second quarter valued at $2,543,888,000. Nuveen LLC purchased a new position in Palantir Technologies in the 1st quarter worth about $520,232,000. Price T Rowe Associates Inc. MD raised its position in Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after buying an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Finally, Amundi boosted its holdings in shares of Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after acquiring an additional 3,815,386 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.6%

Shares of PLTR opened at $171.25 on Tuesday. The business has a 50-day simple moving average of $180.78 and a two-hundred day simple moving average of $157.29. Palantir Technologies Inc. has a 52 week low of $58.85 and a 52 week high of $207.52. The stock has a market cap of $408.16 billion, a price-to-earnings ratio of 407.75, a PEG ratio of 6.75 and a beta of 2.63.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PLTR. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. CICC Research raised their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. The Goldman Sachs Group lifted their target price on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Daiwa Capital Markets increased their price target on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Piper Sandler raised their price target on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $172.28.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction on Friday, September 5th. The stock was 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 directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,527,750 shares of company stock valued at $234,463,896. Insiders own 12.93% of the company’s stock.

About Palantir Technologies

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.