Palantir Technologies Inc. $PLTR Stake Lowered by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,955 shares of the company’s stock after selling 365 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Palantir Technologies were worth $812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PLTR. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies during the 1st quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the first quarter worth about $27,000. Richardson Capital Management LLC bought a new position in Palantir Technologies during the first quarter worth about $33,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after buying an additional 185 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 21,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the sale, the director owned 59,794 shares in the company, valued at approximately $9,922,814.30. This trade represents a 25.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,625,634 shares of company stock worth $248,926,404 in the last 90 days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $170.26 on Wednesday. Palantir Technologies Inc. has a one year low of $35.71 and a one year high of $190.00. The company’s 50-day moving average is $161.32 and its 200 day moving average is $128.32. The company has a market capitalization of $403.91 billion, a price-to-earnings ratio of 567.55, a price-to-earnings-growth ratio of 9.65 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the prior year, the business earned $0.09 EPS. The business’s revenue for the quarter 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 predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bank of America increased their price target on Palantir Technologies from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research note on Monday. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $138.28.

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.