Garrison Point Advisors LLC Decreases Stake in Palantir Technologies Inc. $PLTR

Garrison Point Advisors LLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,125 shares of the company’s stock after selling 825 shares during the quarter. Garrison Point Advisors LLC’s holdings in Palantir Technologies were worth $1,108,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new position in Palantir Technologies during the second quarter worth about $2,543,888,000. Nuveen LLC purchased a new position in Palantir Technologies in the 1st quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after purchasing an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Finally, Amundi grew its position in shares of Palantir Technologies by 56.1% in the first quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after purchasing an additional 3,815,386 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 1.6%

NASDAQ PLTR opened at $177.93 on Friday. The stock has a fifty day simple moving average of $177.73 and a 200-day simple moving average of $153.68. The stock has a market cap of $422.11 billion, a PE ratio of 423.65, a P/E/G ratio of 6.78 and a beta of 2.63. Palantir Technologies Inc. has a twelve month low of $55.30 and a twelve month high of $207.52.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Tuesday. DA Davidson raised their target price on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday. Northland Securities lifted their price target on Palantir Technologies from $14.00 to $18.50 in a report on Tuesday. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Finally, Bank of America raised their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $173.45.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director owned 62,087 shares of the company’s stock, valued at $11,572,395.93. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,527,750 shares of company stock worth $234,463,896. Insiders own 9.23% of the company’s stock.

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.