FSM Wealth Advisors LLC Acquires 5,484 Shares of Palantir Technologies Inc. $PLTR

Key Points

• FSM Wealth Advisors LLC increased its stake in Palantir Technologies by 116.8%, acquiring an additional 5,484 shares during the second quarter, bringing its total holdings to 10,181 shares valued at $1,416,000.
• Insider David A. Glazer sold 81,000 shares of Palantir stock for over $12.5 million, indicating a 15.82% decrease in their ownership, while a total of 1,557,750 shares were sold by insiders in the past ninety days.
• Palantir reported a revenue increase of 48.0% year-over-year, achieving $1 billion in revenue for the most recent quarter and beating analyst expectations for earnings per share.

FSM Wealth Advisors LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 116.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,181 shares of the company's stock after buying an additional 5,484 shares during the quarter. FSM Wealth Advisors LLC's holdings in Palantir Technologies were worth $1,416,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC increased its position in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Palantir Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 22,653 shares of the company's stock valued at $1,912,000 after purchasing an additional 9,810 shares during the last quarter. Continuum Advisory LLC increased its position in shares of Palantir Technologies by 62.4% during the 1st quarter. Continuum Advisory LLC now owns 4,335 shares of the company's stock valued at $366,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Valmark Advisers Inc. grew its position in Palantir Technologies by 24.7% in the 1st quarter. Valmark Advisers Inc. now owns 8,764 shares of the company's stock valued at $740,000 after acquiring an additional 1,734 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLTR has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and increased their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Citigroup reissued 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. Piper Sandler increased their price target on Palantir Technologies from $182.00 to $201.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 14th. Finally, Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday, September 15th. 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 company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $141.28.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 81,000 shares of the 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 transaction, the insider directly owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. This 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 is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of 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. In the last ninety days, insiders sold 1,557,750 shares of company stock valued at $239,713,896. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $176.19 on Thursday. The stock has a 50-day moving average of $171.21 and a two-hundred day moving average of $144.89. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00. The stock has a market cap of $417.97 billion, a PE ratio of 587.92, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating 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 was up 48.0% on a year-over-year basis. During the same period in the prior 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, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.

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