Forbes Financial Planning Inc. Makes New Investment in Palantir Technologies Inc. $PLTR

Forbes Financial Planning Inc. acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,465 shares of the company’s stock, valued at approximately $336,000. Palantir Technologies accounts for about 0.2% of Forbes Financial Planning Inc.’s investment portfolio, making the stock its 29th largest position.

A number of other large investors also recently modified their holdings of the company. Soltis Investment Advisors LLC raised its holdings in Palantir Technologies by 67.5% during the second quarter. Soltis Investment Advisors LLC now owns 13,320 shares of the company’s stock valued at $1,816,000 after acquiring an additional 5,368 shares during the period. Souders Financial Advisors boosted its stake in shares of Palantir Technologies by 26.2% in the second quarter. Souders Financial Advisors now owns 3,288 shares of the company’s stock worth $448,000 after acquiring an additional 682 shares during the period. Washington Trust Bank purchased a new stake in shares of Palantir Technologies during the second quarter worth about $12,450,000. Achmea Investment Management B.V. grew its position in shares of Palantir Technologies by 115.3% during the second quarter. Achmea Investment Management B.V. now owns 314,172 shares of the company’s stock worth $42,828,000 after purchasing an additional 168,224 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in Palantir Technologies by 2.6% in the 2nd quarter. Golden State Wealth Management LLC now owns 20,100 shares of the company’s stock worth $2,740,000 after purchasing an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The shares were 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 directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,527,750 shares of company stock worth $234,463,896. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Down 6.8%

Shares of NASDAQ PLTR opened at $175.05 on Friday. Palantir Technologies Inc. has a 12-month low of $53.55 and a 12-month high of $207.52. The firm’s 50-day moving average price is $177.31 and its 200-day moving average price is $153.08. The stock has a market capitalization of $415.28 billion, a price-to-earnings ratio of 416.80, a P/E/G ratio of 7.67 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $0.10 earnings per share. The firm’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. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

PLTR has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price target on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday. Bank of America boosted their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup raised their price objective on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Piper Sandler lifted their target price on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $167.66.

Palantir Technologies 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.