Intrepid Financial Planning Group LLC Grows Position in Palantir Technologies Inc. $PLTR

Intrepid Financial Planning Group LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,613 shares of the company’s stock after acquiring an additional 528 shares during the period. Palantir Technologies accounts for 2.0% of Intrepid Financial Planning Group LLC’s portfolio, making the stock its 13th largest holding. Intrepid Financial Planning Group LLC’s holdings in Palantir Technologies were worth $4,718,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the 1st quarter valued at approximately $27,000. Briaud Financial Planning Inc bought a new stake in Palantir Technologies in the 2nd quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $27,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Down 2.3%

PLTR stock opened at $167.33 on Wednesday. The stock has a market cap of $398.82 billion, a PE ratio of 398.41, a P/E/G ratio of 6.64 and a beta of 2.63. Palantir Technologies Inc. has a 12 month low of $59.26 and a 12 month high of $207.52. The company has a 50-day moving average price of $180.88 and a 200 day moving average price of $157.59.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Daiwa Capital Markets raised their target price on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Loop Capital lifted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. DA Davidson boosted their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus price target of $172.28.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 623,112 shares of company stock worth $97,592,605 in the last three months. Corporate insiders own 12.93% of the company’s stock.

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.