Plancorp LLC Increases Stock Holdings in Palantir Technologies Inc. $PLTR

Plancorp LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,958 shares of the company’s stock after buying an additional 208 shares during the period. Plancorp LLC’s holdings in Palantir Technologies were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PLTR. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the 1st quarter valued at $27,000. Family Legacy Financial Solutions LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at $31,000. Finally, Richardson Capital Management LLC acquired a new position in Palantir Technologies in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In related news, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,634,634 shares of company stock worth $250,524,804. 9.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on PLTR. Loop Capital increased their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group increased their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Bank of America increased their price objective on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $140.22.

Palantir Technologies Trading Down 1.6%

Shares of NASDAQ:PLTR opened at $179.56 on Thursday. The business has a 50-day moving average price of $165.17 and a 200 day moving average price of $131.89. The company has a market capitalization of $425.98 billion, a price-to-earnings ratio of 598.55, a PEG ratio of 10.29 and a beta of 2.59. Palantir Technologies Inc. has a 12-month low of $36.05 and a 12-month high of $190.00.

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

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.