Global Wealth Management Investment Advisory Inc. Has $280,000 Stock Holdings in Palantir Technologies Inc. $PLTR

Global Wealth Management Investment Advisory Inc. reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 44.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,054 shares of the company’s stock after selling 1,662 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Palantir Technologies were worth $280,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies during the 2nd quarter worth about $25,000. Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies during the second quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new position in Palantir Technologies in the second quarter valued at approximately $28,000. Family Legacy Financial Solutions LLC acquired a new position in Palantir Technologies in the second quarter valued at approximately $31,000. Finally, Tradewinds Capital Management LLC boosted its stake in Palantir Technologies by 147.4% in the second quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on PLTR shares. Citigroup upped their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Morgan Stanley upped their price objective on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Mizuho raised their target price on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Robert W. Baird upped their price target on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $173.45.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $177.93 on Monday. Palantir Technologies Inc. has a 1 year low of $55.30 and a 1 year high of $207.52. The business has a 50-day moving average of $177.73 and a two-hundred day moving average of $154.47. The company has a market capitalization of $422.11 billion, a P/E ratio of 423.65, a price-to-earnings-growth ratio of 6.90 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $0.10 EPS. Palantir Technologies’s revenue for the quarter 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. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.