Vestmark Advisory Solutions Inc. Has $28.82 Million Position in Palantir Technologies Inc. $PLTR

Vestmark Advisory Solutions Inc. grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 40.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 211,430 shares of the company’s stock after buying an additional 60,548 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Palantir Technologies were worth $28,822,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC increased its position in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,667 shares during the period. Capstone Wealth Management Group LLC raised its stake in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,722 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Palantir Technologies by 58.0% in the first quarter. Envestnet Asset Management Inc. now owns 936,286 shares of the company’s stock valued at $79,023,000 after purchasing an additional 343,874 shares in the last quarter. Finally, Financial Counselors Inc. lifted its position in Palantir Technologies by 21.4% during the first quarter. Financial Counselors Inc. now owns 5,433 shares of the company’s stock worth $459,000 after purchasing an additional 958 shares during the period. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PLTR. Citigroup boosted their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday. HSBC upped their price objective on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Northland Securities raised their price target on shares of Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $173.45.

Palantir Technologies Stock Down 0.9%

Shares of NASDAQ:PLTR opened at $173.47 on Friday. The firm has a market cap of $411.52 billion, a P/E ratio of 417.58, a P/E/G ratio of 7.67 and a beta of 2.63. Palantir Technologies Inc. has a 12-month low of $55.30 and a 12-month high of $207.52. The business has a fifty day simple moving average of $177.31 and a 200 day simple moving average of $153.08.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company posted $0.10 EPS. The business’s revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In other news, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,527,750 shares of company stock worth $234,463,896. Company insiders own 9.23% of the company’s stock.

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.