GM Advisory Group LLC Purchases 7,537 Shares of Palantir Technologies Inc. $PLTR

GM Advisory Group LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 86.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 16,271 shares of the company’s stock after buying an additional 7,537 shares during the period. GM Advisory Group LLC’s holdings in Palantir Technologies were worth $2,218,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in Palantir Technologies by 35.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 39,410 shares of the company’s stock valued at $5,372,000 after buying an additional 10,249 shares during the last quarter. Vinva Investment Management Ltd boosted its position in Palantir Technologies by 46.5% during the second quarter. Vinva Investment Management Ltd now owns 64,107 shares of the company’s stock valued at $8,132,000 after purchasing an additional 20,351 shares during the last quarter. Choreo LLC grew its stake in Palantir Technologies by 3.6% in the second quarter. Choreo LLC now owns 58,907 shares of the company’s stock valued at $8,030,000 after purchasing an additional 2,072 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Palantir Technologies by 3.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 849,135 shares of the company’s stock valued at $115,421,000 after buying an additional 25,416 shares during the last quarter. Finally, Inceptionr LLC acquired a new stake in Palantir Technologies in the second quarter valued at $552,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $165.77 on Thursday. The stock’s 50 day moving average is $179.98 and its 200 day moving average is $159.20. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The firm has a market cap of $395.10 billion, a P/E ratio of 394.70, a P/E/G ratio of 6.34 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $0.10 EPS. The company’s 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. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 149,872 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $105,410,476.14. The trade was a 18.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,149,695 shares of company stock worth $186,821,453. 9.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup upped their price objective on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Wall Street Zen upgraded Palantir Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $172.28.

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.