USAdvisors Wealth Management LLC Cuts Stock Holdings in Palantir Technologies Inc. $PLTR

USAdvisors Wealth Management LLC reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 58.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,175 shares of the company’s stock after selling 3,048 shares during the period. USAdvisors Wealth Management LLC’s holdings in Palantir Technologies were worth $296,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp grew its position in Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after buying an additional 21,809 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Palantir Technologies by 10.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after buying an additional 1,135,841 shares during the period. New Century Financial Group LLC acquired a new position in Palantir Technologies during the second quarter worth about $228,000. Synergy Asset Management LLC grew its position in Palantir Technologies by 37.1% during the second quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock worth $1,312,000 after buying an additional 2,606 shares during the period. Finally, Golden State Equity Partners grew its position in Palantir Technologies by 10.1% during the second quarter. Golden State Equity Partners now owns 18,361 shares of the company’s stock worth $2,503,000 after buying an additional 1,677 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm’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 transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander C. Karp sold 222,878 shares of the firm’s 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock valued at $244,676,722 over the last 90 days. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Down 7.5%

NASDAQ:PLTR opened at $173.07 on Friday. The company has a market cap of $410.58 billion, a P/E ratio of 576.92, a P/E/G ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $190.00. The firm’s 50 day moving average is $168.90 and its two-hundred day moving average is $136.98.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank Of Canada upped their target price 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. Bank of America upped their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Finally, Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $140.22.

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.