2,199 Shares in Palantir Technologies Inc. $PLTR Bought by Life Planning Partners Inc

Key Points

• Life Planning Partners Inc has acquired 2,199 shares of Palantir Technologies Inc., valued at approximately $300,000, representing a new position for the institutional investor.
• Insider David A. Glazer sold 81,000 shares of Palantir for around $12.5 million, marking a 15.82% decrease in his ownership of the company's stock.
• Analysts have mixed opinions on Palantir stock, with target prices ranging from $155.00 to $215.00, and the current consensus rating is Hold.

Life Planning Partners Inc acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,199 shares of the company's stock, valued at approximately $300,000.

Other large investors also recently modified their holdings of the company. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the 1st quarter worth about $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth about $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth about $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the firm'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 transaction of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the firm'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 transaction, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,591,085 shares of company stock worth $244,676,722. 9.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

PLTR has been the subject of a number of recent research reports. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Bank of America raised their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Finally, Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average price target of $140.22.

Palantir Technologies Stock Down 7.5%

Palantir Technologies stock opened at $173.07 on Friday. The stock has a market cap of $410.58 billion, a P/E ratio of 576.92, a P/E/G ratio of 10.44 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $38.78 and a twelve month high of $190.00. The company's 50-day moving average price is $168.90 and its two-hundred day moving average price is $136.63.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business's revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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.

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