PKS Advisory Services LLC Lowers Stock Position in Palantir Technologies Inc. $PLTR

PKS Advisory Services LLC trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 28.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,715 shares of the company’s stock after selling 1,512 shares during the quarter. PKS Advisory Services LLC’s holdings in Palantir Technologies were worth $506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PLTR. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies in the second quarter valued at about $2,543,888,000. Vanguard Group Inc. raised its stake in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. Nuveen LLC purchased a new position in Palantir Technologies in the 1st quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD lifted its holdings in Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after purchasing an additional 4,748,513 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Down 5.9%

Shares of NASDAQ:PLTR opened at $155.74 on Friday. The company has a market capitalization of $371.20 billion, a price-to-earnings ratio of 370.82, a PEG ratio of 6.41 and a beta of 2.63. Palantir Technologies Inc. has a 12 month low of $60.90 and a 12 month high of $207.52. The firm’s 50-day moving average is $180.68 and its 200 day moving average is $157.63.

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. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PLTR shares. Wall Street Zen raised shares of Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Piper Sandler increased their target price on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. 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. Finally, Robert W. Baird upped their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $172.28.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 21,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $165.95, for a total value of $3,484,950.00. Following the transaction, the director directly owned 59,794 shares in the company, valued at approximately $9,922,814.30. This represents a 25.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 150,651 shares of company stock worth $23,892,804. Insiders own 9.23% of the company’s stock.

About Palantir Technologies

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.