Schnieders Capital Management LLC Acquires 1,694 Shares of Palantir Technologies Inc. $PLTR

Schnieders Capital Management LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 36.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,294 shares of the company’s stock after acquiring an additional 1,694 shares during the quarter. Schnieders Capital Management LLC’s holdings in Palantir Technologies were worth $858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mechanics Financial Corp bought a new position in Palantir Technologies during the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the first quarter valued at approximately $27,000. Finally, Frazier Financial Advisors LLC bought a new position in Palantir Technologies during the second quarter valued at approximately $28,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies 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 sale, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Up 0.0%

Shares of Palantir Technologies stock opened at $178.15 on Monday. The company’s fifty day simple moving average is $171.52 and its 200-day simple moving average is $143.67. The company has a market cap of $422.63 billion, a price-to-earnings ratio of 593.85, a PEG ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

PLTR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Piper Sandler increased their price target on Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. The Goldman Sachs Group increased their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Royal Bank Of Canada increased their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $141.28.

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.