Palantir Technologies Inc. $PLTR Shares Purchased by Guardian Asset Advisors LLC

Guardian Asset Advisors LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 11.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,603 shares of the company’s stock after purchasing an additional 3,207 shares during the quarter. Palantir Technologies accounts for 2.4% of Guardian Asset Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Guardian Asset Advisors LLC’s holdings in Palantir Technologies were worth $4,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after purchasing an additional 21,809 shares during the last quarter. Presilium Private Wealth LLC acquired a new position in Palantir Technologies during the second quarter worth $204,000. New Century Financial Group LLC acquired a new position in Palantir Technologies during the second quarter worth $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Palantir Technologies by 10.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after purchasing an additional 1,135,841 shares during the last quarter. Finally, Synergy Asset Management LLC raised its holdings in Palantir Technologies by 37.1% during the second quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock worth $1,312,000 after purchasing an additional 2,606 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on PLTR shares. Citigroup reissued a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Bank of America raised their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Piper Sandler raised their price target on Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday, September 15th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $141.28.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock valued at $239,713,896 in the last ninety days. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Up 2.8%

Shares of Palantir Technologies stock opened at $180.48 on Friday. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $190.00. The stock has a market capitalization of $428.16 billion, a P/E ratio of 601.62, a PEG ratio of 9.51 and a beta of 2.60. The business’s fifty day moving average price is $171.20 and its 200 day moving average price is $145.60.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share 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 firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter last year, the firm earned $0.09 earnings per share. The firm’s revenue for the quarter 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. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS 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.