Pittenger & Anderson Inc. Has $1.08 Million Stake in Palantir Technologies Inc. $PLTR

Pittenger & Anderson Inc. decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,915 shares of the company’s stock after selling 135 shares during the period. Pittenger & Anderson Inc.’s holdings in Palantir Technologies were worth $1,079,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at approximately $25,000. Frazier Financial Advisors LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at approximately $28,000. Family Legacy Financial Solutions LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at approximately $31,000. Tradewinds Capital Management LLC boosted its stake in Palantir Technologies by 147.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. Finally, Adirondack Trust Co. boosted its stake in Palantir Technologies by 185.0% during the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock valued at $39,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 0.0%

Shares of PLTR stock opened at $181.51 on Wednesday. The stock has a 50 day moving average of $171.39 and a two-hundred day moving average of $144.68. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $190.00. The company has a market capitalization of $430.60 billion, a P/E ratio of 605.05, a P/E/G ratio of 9.84 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company 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 quarter last year, the company earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on PLTR. Citigroup restated a “neutral” rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Cantor Fitzgerald increased their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. UBS Group restated a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler raised their price objective on Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada raised their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $141.28.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This trade represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock worth $239,713,896 over the last three months. 12.93% of the stock is currently owned by insiders.

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.