Avidian Wealth Enterprises LLC Purchases 2,707 Shares of Palantir Technologies Inc. $PLTR

Avidian Wealth Enterprises LLC increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 15.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,457 shares of the company’s stock after purchasing an additional 2,707 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Palantir Technologies were worth $2,789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PLTR. Mechanics Financial Corp acquired a new stake in Palantir Technologies in the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies in the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies in the 1st quarter worth approximately $27,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth approximately $28,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Citigroup restated a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Five investment 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 MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $141.28.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $181.59 on Tuesday. The firm has a market cap of $430.79 billion, a price-to-earnings ratio of 605.32, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The company has a 50 day moving average price of $171.50 and a 200-day moving average price of $144.42. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, insider David A. Glazer sold 81,000 shares of the business’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 completion of the sale, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. The trade was 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 Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is currently owned by corporate insiders.

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.