Palantir Technologies Inc. $PLTR Stock Holdings Decreased by Nicholas Wealth LLC.

Nicholas Wealth LLC. cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,196 shares of the company’s stock after selling 7,033 shares during the period. Palantir Technologies comprises about 1.5% of Nicholas Wealth LLC.’s investment portfolio, making the stock its 10th largest position. Nicholas Wealth LLC.’s holdings in Palantir Technologies were worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Wall Street Zen upgraded Palantir Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Cantor Fitzgerald lifted their target price on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Morgan Stanley increased their price target on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $172.28.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction that occurred 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 directly owned 50,961 shares in the company, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the 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 transaction, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 623,112 shares of company stock valued at $97,592,605 over the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $167.33 on Wednesday. The stock has a market capitalization of $398.82 billion, a P/E ratio of 398.41, a P/E/G ratio of 6.64 and a beta of 2.63. The company’s fifty day moving average price is $180.88 and its 200 day moving average price is $157.59. Palantir Technologies Inc. has a 1 year low of $59.26 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $1.18 billion during 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 business’s revenue was up 62.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.