Madison Wealth Partners Inc Sells 142 Shares of Palantir Technologies Inc. $PLTR

Madison Wealth Partners Inc cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,135 shares of the company’s stock after selling 142 shares during the quarter. Madison Wealth Partners Inc’s holdings in Palantir Technologies were worth $427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp lifted its position in Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after acquiring an additional 21,809 shares in the last quarter. Presilium Private Wealth LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at $204,000. New Century Financial Group LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after buying an additional 1,135,841 shares during the last quarter. Finally, Synergy Asset Management LLC raised its stake in Palantir Technologies by 37.1% during the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock valued at $1,312,000 after buying an additional 2,606 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director owned 62,087 shares in the company, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. The trade was a 5.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock worth $239,713,896 in the last three months. 12.93% of the stock is owned by company insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $178.15 on Monday. The firm has a market capitalization of $422.63 billion, a price-to-earnings ratio of 593.85, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00. The business has a fifty day moving average price of $171.52 and a 200-day moving average price of $143.67.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. UBS Group reiterated a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler boosted their target price on shares of Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and upped their price objective for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $141.28.

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.