Palantir Technologies Inc. $PLTR Shares Sold by Sax Wealth Advisors LLC

by · The Cerbat Gem

Sax Wealth Advisors LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 26.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,735 shares of the company’s stock after selling 1,009 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Palantir Technologies were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the first quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Up 1.0%

Shares of PLTR stock opened at $185.47 on Friday. Palantir Technologies Inc. has a 1 year low of $40.36 and a 1 year high of $190.00. The firm’s 50 day moving average is $170.89 and its 200-day moving average is $139.18. The firm has a market capitalization of $440.00 billion, a price-to-earnings ratio of 618.25, a PEG ratio of 9.95 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the business earned $0.09 earnings per share. Palantir Technologies’s quarterly 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. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of research analyst reports. 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. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research note on Monday, September 15th. UBS Group reiterated a “neutral” rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Bank of America raised their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $140.22.

Check Out Our Latest Analysis on PLTR

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock valued at $244,714,146 in the last three months. 9.23% of the stock is currently owned by corporate insiders.

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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