Intellus Advisors LLC Cuts Holdings in Palantir Technologies Inc. $PLTR

Intellus Advisors LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 36,660 shares of the company’s stock after selling 2,625 shares during the period. Palantir Technologies accounts for 0.7% of Intellus Advisors LLC’s holdings, making the stock its 26th biggest position. Intellus Advisors LLC’s holdings in Palantir Technologies were worth $4,997,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Waterloo Capital L.P. boosted its position in Palantir Technologies by 15.0% in the second quarter. Waterloo Capital L.P. now owns 23,971 shares of the company’s stock worth $3,268,000 after purchasing an additional 3,126 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Palantir Technologies by 27.5% in the 2nd quarter. Prudential Financial Inc. now owns 1,767,797 shares of the company’s stock worth $240,986,000 after buying an additional 381,206 shares during the last quarter. Coldstream Capital Management Inc. grew its position in Palantir Technologies by 4.4% during the second quarter. Coldstream Capital Management Inc. now owns 38,232 shares of the company’s stock valued at $5,212,000 after buying an additional 1,623 shares during the period. Centric Wealth Management grew its position in Palantir Technologies by 3.8% during the second quarter. Centric Wealth Management now owns 30,556 shares of the company’s stock valued at $4,165,000 after buying an additional 1,117 shares during the period. Finally, Vestor Capital LLC raised its position in Palantir Technologies by 33.3% in the second quarter. Vestor Capital LLC now owns 2,849 shares of the company’s stock worth $388,000 after acquiring an additional 711 shares during the period. 45.65% of the stock is owned by institutional investors.

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the transaction, the director owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 150,651 shares of company stock valued at $23,892,804. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PLTR. Loop Capital increased their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Morgan Stanley increased 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. Weiss Ratings restated a “buy (b)” rating on shares of Palantir Technologies in a research note on Monday, November 17th. Finally, Royal Bank Of Canada upped their price target on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $154.85 on Monday. Palantir Technologies Inc. has a 1 year low of $61.37 and a 1 year high of $207.52. The stock’s fifty day moving average price is $180.34 and its two-hundred day moving average price is $158.53. The company has a market cap of $369.08 billion, a P/E ratio of 368.70, a P/E/G ratio of 6.00 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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.