Arete Wealth Advisors LLC Lowers Stake in Palantir Technologies Inc. $PLTR

Arete Wealth Advisors LLC cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,452 shares of the company’s stock after selling 426 shares during the period. Arete Wealth Advisors LLC’s holdings in Palantir Technologies were worth $4,257,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its stake in Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after acquiring an additional 185 shares during the period. Finally, Richardson Capital Management LLC bought a new position in Palantir Technologies during the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 1.9%

Shares of PLTR stock opened at $153.11 on Monday. Palantir Technologies Inc. has a 12-month low of $29.50 and a 12-month high of $190.00. The business’s fifty day simple moving average is $157.00 and its 200-day simple moving average is $124.86. The company has a market cap of $363.23 billion, a PE ratio of 510.38, a PEG ratio of 8.63 and a beta of 2.59.

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. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same period last year, the business posted $0.09 earnings per share. The firm’s revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 9,211 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $1,434,613.25. Following the completion of the transaction, the insider owned 343,518 shares of the company’s stock, valued at approximately $53,502,928.50. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider owned 702,786 shares of the company’s stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,973,586 shares of company stock worth $293,225,653 over the last ninety days. Company insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada boosted their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. Mizuho raised Palantir Technologies from an “underperform” rating to a “neutral” rating and increased their target price for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Finally, Cantor Fitzgerald lifted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued 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 $136.61.

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.