Frazier Financial Advisors LLC Takes $28,000 Position in Palantir Technologies Inc. $PLTR

Frazier Financial Advisors LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, Holdings Channel reports. The fund purchased 205 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies during the 1st quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the first quarter valued at about $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new stake in shares of Palantir Technologies during the second quarter valued at about $31,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, 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 value of $5,708,200.80. Following the sale, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares of the company’s stock, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. Company insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PLTR. UBS Group reiterated a “neutral” rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Finally, Loop Capital increased their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $140.22.

Palantir Technologies Price Performance

PLTR opened at $177.21 on Tuesday. Palantir Technologies Inc. has a 1 year low of $40.36 and a 1 year high of $190.00. The company has a market capitalization of $420.40 billion, a price-to-earnings ratio of 590.72, a P/E/G ratio of 9.51 and a beta of 2.60. The firm’s fifty day moving average price is $171.65 and its two-hundred day moving average price is $141.04.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate 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.