Garrett Wealth Advisory Group LLC Sells 456 Shares of Palantir Technologies Inc. $PLTR

Garrett Wealth Advisory Group LLC decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 14.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,605 shares of the company’s stock after selling 456 shares during the quarter. Garrett Wealth Advisory Group LLC’s holdings in Palantir Technologies were worth $355,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. NorthStar Asset Management LLC NJ bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at approximately $232,000. Prudential PLC boosted its position in Palantir Technologies by 85.4% in the second quarter. Prudential PLC now owns 198,933 shares of the company’s stock valued at $27,119,000 after buying an additional 91,620 shares in the last quarter. Telligent Fund LP acquired a new stake in Palantir Technologies in the second quarter valued at approximately $545,000. Lionshead Wealth Management LLC grew its stake in shares of Palantir Technologies by 0.6% during the second quarter. Lionshead Wealth Management LLC now owns 13,074 shares of the company’s stock worth $1,782,000 after buying an additional 82 shares during the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co increased its holdings in shares of Palantir Technologies by 20.9% during the second quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 117,175 shares of the company’s stock worth $15,973,000 after buying an additional 20,272 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PLTR shares. Northland Securities increased their price target on Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. CICC Research increased their target price on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Robert W. Baird boosted their price target on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. UBS Group raised their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $172.28.

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 180,651 shares of company stock valued at $28,679,304. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $165.42 on Thursday. The stock has a market capitalization of $394.27 billion, a PE ratio of 393.87, a PEG ratio of 6.49 and a beta of 2.63. The business’s 50 day simple moving average is $180.85 and its 200 day simple moving average is $157.65. Palantir Technologies Inc. has a one year low of $59.96 and a one year high of $207.52.

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

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.