Palantir Technologies Inc. $PLTR Shares Sold by Wambolt & Associates LLC

Wambolt & Associates LLC lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.3% in the second quarter, Holdings Channel reports. The institutional investor owned 20,730 shares of the company’s stock after selling 1,394 shares during the quarter. Wambolt & Associates LLC’s holdings in Palantir Technologies were worth $2,709,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies during the 2nd quarter worth $25,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies during the second quarter worth about $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at approximately $28,000. Finally, MTM Investment Management LLC purchased a new stake in Palantir Technologies during the second quarter worth $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $163.55 on Wednesday. The company has a market capitalization of $389.81 billion, a PE ratio of 389.41, a price-to-earnings-growth ratio of 6.29 and a beta of 2.63. The business has a 50-day moving average of $180.03 and a 200-day moving average of $159.16. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52.

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

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 19,004 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $2,969,375.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at $100,435,312.50. This trade represents a 2.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the transaction, the insider owned 251,409 shares in the company, valued at $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,149,695 shares of company stock worth $186,821,453. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on PLTR. Weiss Ratings reiterated a “buy (b)” rating on shares of Palantir Technologies in a research report on Monday, November 17th. UBS Group lifted their price target on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group raised their price target on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Wall Street Zen upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Robert W. Baird boosted their price target on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $172.28.

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.