Earned Wealth Advisors LLC Lowers Stock Holdings in Palantir Technologies Inc. $PLTR

Earned Wealth Advisors LLC cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,193 shares of the company’s stock after selling 414 shares during the period. Earned Wealth Advisors LLC’s holdings in Palantir Technologies were worth $844,000 as of its most recent SEC filing.

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

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $194.55 on Friday. The company’s 50-day simple moving average is $173.92 and its 200-day simple moving average is $149.67. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $199.85. The stock has a market capitalization of $461.54 billion, a price-to-earnings ratio of 648.52, a PEG ratio of 10.78 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter last year, the business posted $0.09 EPS. Palantir Technologies’s quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last three months. 9.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and upped their price target for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Citigroup upped their target price on shares of Palantir Technologies from $177.00 to $190.00 and gave the company a “neutral” rating in a research note on Tuesday. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research report on Monday, September 15th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $142.00.

Palantir Technologies Company 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.