1,533 Shares in Palantir Technologies Inc. $PLTR Bought by Spectrum Planning & Advisory Services Inc.

Key Points

• Spectrum Planning & Advisory Services Inc. has acquired 1,533 shares of Palantir Technologies, valued at approximately $209,000, indicating increased investor interest in the company.
• Palantir Technologies has received various price target adjustments from analysts, with the average target price set at $140.22 and a consensus rating of "Hold."
• Insider trading activity shows notable sales, with David A. Glazer selling 81,000 shares for over $12.5 million, reflecting significant shifts in insider ownership.

Spectrum Planning & Advisory Services Inc. bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,533 shares of the company's stock, valued at approximately $209,000.

Several other large investors have also made changes to their positions in the company. Northern Trust Corp raised its position in shares of Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock worth $1,650,310,000 after buying an additional 64,973 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Palantir Technologies in the second quarter valued at about $2,543,888,000. Invesco Ltd. raised its position in Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after purchasing an additional 2,998,716 shares during the period. Goldman Sachs Group Inc. raised its position in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Palantir Technologies by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock valued at $1,149,055,000 after purchasing an additional 571,544 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on PLTR shares. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research report on Tuesday, August 5th. Royal Bank Of Canada raised their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a research report on Monday, September 15th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $140.22.

Insiders Place Their Bets

In related news, insider David A. Glazer sold 81,000 shares of Palantir Technologies 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 completion of the transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction dated 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 completion of the transaction, the insider owned 702,786 shares of the company's stock, valued at $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,634,634 shares of company stock valued at $250,524,804. 9.23% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $179.56 on Thursday. Palantir Technologies Inc. has a 1 year low of $36.05 and a 1 year high of $190.00. The firm has a market cap of $425.98 billion, a price-to-earnings ratio of 598.55, a PEG ratio of 10.29 and a beta of 2.59. The stock's 50-day simple moving average is $165.17 and its 200-day simple moving average is $131.89.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for 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%.The company's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies Company 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.

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