Belpointe Asset Management LLC Has $10.03 Million Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Belpointe Asset Management LLC increased its holdings in Palantir Technologies by 12.7% during the 2nd quarter, now owning approximately $10.03 million worth of shares.
• Palantir's stock has a market cap of $410.58 billion and is currently experiencing a price decline of 7.5%, with a high of $190.00 and low of $38.78 over the past year.
• The company reported a revenue of $1 billion for the last quarter, surpassing analysts' expectations, and achieved a year-over-year growth of 48%.

Belpointe Asset Management LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,580 shares of the company's stock after purchasing an additional 8,315 shares during the quarter. Belpointe Asset Management LLC's holdings in Palantir Technologies were worth $10,030,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies during the 1st quarter valued at $27,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $31,000. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PLTR. Weiss Ratings restated a "buy (b-)" rating on shares of Palantir Technologies in a research report on Saturday, September 27th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Finally, Citigroup reiterated a "neutral" rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five research 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 data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $140.22.

Palantir Technologies Trading Down 7.5%

Shares of PLTR stock opened at $173.07 on Monday. Palantir Technologies Inc. has a 1-year low of $38.78 and a 1-year high of $190.00. The stock has a market cap of $410.58 billion, a price-to-earnings ratio of 576.92, a PEG ratio of 9.66 and a beta of 2.60. The stock has a 50-day moving average of $168.90 and a 200-day moving average of $137.33.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm's revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares of the company's stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 1,591,085 shares of company stock worth $244,676,722. Corporate insiders own 12.93% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.