VestGen Investment Management Sells 151 Shares of Palantir Technologies Inc. $PLTR

VestGen Investment Management lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,464 shares of the company’s stock after selling 151 shares during the quarter. Palantir Technologies accounts for approximately 1.4% of VestGen Investment Management’s investment portfolio, making the stock its 12th biggest holding. VestGen Investment Management’s holdings in Palantir Technologies were worth $1,972,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Mechanics Financial Corp bought a new position in shares of Palantir Technologies during the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $27,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $27,000. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In related news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,557,750 shares of company stock worth $239,713,896. Company insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of research reports. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Piper Sandler lifted their price target on shares of Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Royal Bank Of Canada lifted their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Loop Capital lifted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a “neutral” rating in a research note 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $141.28.

Palantir Technologies Price Performance

PLTR opened at $184.63 on Friday. The company has a fifty day moving average price of $171.35 and a 200-day moving average price of $146.82. The firm has a market capitalization of $438.01 billion, a P/E ratio of 615.45, a price-to-earnings-growth ratio of 10.01 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00.

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