WealthPLAN Partners LLC Sells 288 Shares of Palantir Technologies Inc. $PLTR

by · The Cerbat Gem

WealthPLAN Partners LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,430 shares of the company’s stock after selling 288 shares during the period. WealthPLAN Partners LLC’s holdings in Palantir Technologies were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the 1st quarter valued at about $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies in the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies in the 1st quarter valued at about $27,000. 1248 Management LLC bought a new stake in Palantir Technologies in the first quarter valued at approximately $27,000. Finally, Frazier Financial Advisors LLC bought a new stake in Palantir Technologies in the second quarter valued at approximately $28,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director owned 62,087 shares in the company, valued at $11,572,395.93. The trade was a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $179.62 on Thursday. The firm has a 50-day moving average of $171.78 and a 200-day moving average of $141.58. The stock has a market cap of $426.12 billion, a PE ratio of 598.75, a P/E/G ratio of 9.72 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PLTR. The Goldman Sachs Group upped their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Piper Sandler raised their target price on shares of Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $141.28.

Read Our Latest Stock Analysis on PLTR

Palantir Technologies Company Profile

(Free Report)

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.

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