Lodestone Wealth Management LLC Cuts Holdings in Palantir Technologies Inc. $PLTR

Lodestone Wealth Management LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,138 shares of the company’s stock after selling 812 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Palantir Technologies were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies in the first quarter valued at approximately $27,000. 1248 Management LLC purchased a new position in Palantir Technologies in the first quarter valued at approximately $27,000. Briaud Financial Planning Inc acquired a new position in Palantir Technologies during the second quarter valued at approximately $27,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Palantir Technologies during the second quarter worth approximately $27,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PLTR shares. Jefferies Financial Group reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. CICC Research increased their price target on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Weiss Ratings restated a “buy (b)” rating on shares of Palantir Technologies in a research note on Monday. Citigroup increased their target price on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Daiwa Capital Markets raised their target price on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $172.28.

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were 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 of the company’s stock, valued at approximately $8,000,877. This trade represents a 5.21% 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, Director Lauren Elaina Friedman Stat sold 21,000 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the completion of the sale, the director directly owned 59,794 shares in the company, valued at $9,922,814.30. This represents a 25.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 180,651 shares of company stock worth $28,679,304. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $165.42 on Thursday. Palantir Technologies Inc. has a 1 year low of $59.96 and a 1 year high of $207.52. The stock’s 50-day simple moving average is $180.85 and its 200-day simple moving average is $157.65. The firm has a market cap of $394.27 billion, a price-to-earnings ratio of 393.87, a PEG ratio of 6.49 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business posted $0.10 earnings per share. Palantir Technologies’s revenue for the quarter 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. As a group, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies 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.