Signal Advisors Wealth LLC Sells 15,797 Shares of Palantir Technologies Inc. $PLTR

Signal Advisors Wealth LLC reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 68.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,283 shares of the company’s stock after selling 15,797 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Palantir Technologies were worth $992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $27,000. Richardson Capital Management LLC acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after purchasing an additional 185 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $176.97 on Friday. The stock has a market capitalization of $419.83 billion, a PE ratio of 589.92, a P/E/G ratio of 9.49 and a beta of 2.59. The business has a fifty day moving average price of $162.51 and a two-hundred day moving average price of $129.24. Palantir Technologies Inc. has a fifty-two week low of $35.71 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $939.29 million. During the same period in the previous year, the firm earned $0.09 EPS. The company’s quarterly revenue 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. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 375,000 shares of the business’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 completion of the transaction, the insider 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This trade represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,625,634 shares of company stock worth $248,926,404 in the last three months. Insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PLTR. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Citigroup reissued a “neutral” rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $138.28.

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.