Guardian Partners Inc. Has $212,000 Stock Position in Palantir Technologies Inc. $PLTR

Guardian Partners Inc. lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 91.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,513 shares of the company's stock after selling 26,737 shares during the quarter. Guardian Partners Inc.'s holdings in Palantir Technologies were worth $212,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PLTR. Mechanics Financial Corp bought a new stake in Palantir Technologies in the 1st quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at about $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. Cornerstone Planning Group LLC boosted its position in shares of Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after buying an additional 185 shares during the period. Finally, Richardson Capital Management LLC bought a new position in shares of Palantir Technologies during the first quarter worth about $33,000. Institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction 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. The trade was a 15.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 160,164 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $24,945,543.00. Following the transaction, the insider directly owned 592 shares in the company, valued at $92,204. The trade was a 99.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,568,586 shares of company stock worth $239,733,253 in the last three months. Insiders own 12.93% of the company's stock.

Wall Street Analyst Weigh In

PLTR has been the topic of several research reports. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Bank of America increased their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $136.61.

Palantir Technologies Trading Up 2.0%

Shares of PLTR opened at $156.10 on Tuesday. The company has a market cap of $370.32 billion, a price-to-earnings ratio of 520.35, a PEG ratio of 8.63 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $32.47 and a 1-year high of $190.00. The company's fifty day simple moving average is $157.39 and its 200 day simple moving average is $125.24.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter last year, the company posted $0.09 earnings per share. The company's revenue for the quarter 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. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current 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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