Principle Wealth Partners LLC Buys 2,872 Shares of Palantir Technologies Inc. $PLTR

Principle Wealth Partners LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.2% in the second quarter, HoldingsChannel.com reports. The fund owned 24,554 shares of the company’s stock after acquiring an additional 2,872 shares during the period. Principle Wealth Partners LLC’s holdings in Palantir Technologies were worth $3,347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the 1st quarter valued at about $25,000. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter valued at about $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the 1st quarter valued at about $27,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $28,000. 45.65% of the stock is owned by institutional investors.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction that occurred 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 directly owned 702,786 shares of the company’s stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Down 3.3%

NASDAQ:PLTR opened at $175.49 on Thursday. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $190.00. The business has a 50 day moving average price of $171.21 and a two-hundred day moving average price of $144.89. The company has a market cap of $416.32 billion, a P/E ratio of 584.99, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The business’s revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on PLTR shares. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Royal Bank Of Canada increased their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald increased their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $141.28.

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.