Palantir Technologies Inc. $PLTR Stake Lifted by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 8.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 46,319 shares of the company’s stock after acquiring an additional 3,649 shares during the period. Palantir Technologies makes up about 0.7% of GPS Wealth Strategies Group LLC’s holdings, making the stock its 27th largest holding. GPS Wealth Strategies Group LLC’s holdings in Palantir Technologies were worth $6,314,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Accuvest Global Advisors raised its stake in Palantir Technologies by 0.7% during the 2nd quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock valued at $1,232,000 after acquiring an additional 63 shares in the last quarter. Ignite Planners LLC grew its stake in shares of Palantir Technologies by 0.4% in the second quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock worth $2,094,000 after purchasing an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. grew its stake in shares of Palantir Technologies by 1.3% in the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock worth $747,000 after purchasing an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its stake in shares of Palantir Technologies by 1.0% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock worth $1,007,000 after purchasing an additional 73 shares in the last quarter. Finally, Boomfish Wealth Group LLC grew its stake in shares of Palantir Technologies by 2.7% in the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock worth $379,000 after purchasing an additional 73 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Down 7.9%

Shares of Palantir Technologies stock opened at $190.74 on Wednesday. The firm has a market capitalization of $452.50 billion, a PE ratio of 454.15, a price-to-earnings-growth ratio of 11.23 and a beta of 2.63. Palantir Technologies Inc. has a 12-month low of $46.86 and a 12-month high of $207.52. The stock’s fifty day moving average is $176.35 and its 200-day moving average is $152.68.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results 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. The firm 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 16.27% and a net margin of 28.11%.Palantir Technologies’s quarterly revenue was up 62.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In related news, insider Shyam Sankar sold 375,000 shares of the company’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 transaction, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,527,750 shares of company stock valued at $234,463,896 in the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup increased their price target on Palantir Technologies from $177.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Cantor Fitzgerald increased their price target on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. The Goldman Sachs Group increased their price target on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Royal Bank Of Canada lifted 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. Five 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $168.33.

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.