Soltis Investment Advisors LLC Has $1.82 Million Position in Palantir Technologies Inc. $PLTR

Soltis Investment Advisors LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 67.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,320 shares of the company’s stock after purchasing an additional 5,368 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Palantir Technologies were worth $1,816,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PLTR shares. Bank of America raised their target price on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday. HSBC increased their target price on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average price target of $167.66.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction 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 transaction, the insider owned 50,961 shares in the company, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,527,750 shares of company stock worth $234,463,896 in the last ninety days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $175.05 on Friday. Palantir Technologies Inc. has a one year low of $53.55 and a one year high of $207.52. The company has a market cap of $415.28 billion, a PE ratio of 416.80, a P/E/G ratio of 7.67 and a beta of 2.63. The stock has a 50-day moving average of $177.31 and a 200-day moving average of $153.08.

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