Palantir Technologies Inc. $PLTR is St. Louis Financial Planners Asset Management LLC's 4th Largest Position

St. Louis Financial Planners Asset Management LLC lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,061 shares of the company's stock after selling 6,217 shares during the period. Palantir Technologies comprises 5.5% of St. Louis Financial Planners Asset Management LLC's portfolio, making the stock its 4th largest position. St. Louis Financial Planners Asset Management LLC's holdings in Palantir Technologies were worth $7,233,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PLTR. Market Street Wealth Management Advisors LLC acquired a new stake in Palantir Technologies in the 2nd quarter valued at approximately $202,000. A&I Financial Services LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter worth $273,000. Triumph Capital Management purchased a new position in shares of Palantir Technologies during the second quarter valued at $1,209,000. Byrne Asset Management LLC boosted its position in Palantir Technologies by 22.1% during the second quarter. Byrne Asset Management LLC now owns 885 shares of the company's stock valued at $121,000 after purchasing an additional 160 shares during the last quarter. Finally, Clarus Wealth Advisors boosted its position in Palantir Technologies by 4.1% during the second quarter. Clarus Wealth Advisors now owns 17,058 shares of the company's stock valued at $2,383,000 after purchasing an additional 667 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 0.1%

Shares of PLTR stock opened at $171.21 on Tuesday. The firm has a 50 day moving average price of $160.71 and a two-hundred day moving average price of $128.03. The company has a market capitalization of $406.17 billion, a PE ratio of 570.72, a price-to-earnings-growth ratio of 9.66 and a beta of 2.59. Palantir Technologies Inc. has a 12-month low of $35.56 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 48.0% compared to the same quarter last year. During the same period last year, the business posted $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 expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Loop Capital boosted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Citigroup reissued a "neutral" rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Royal Bank Of Canada boosted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Finally, Bank of America boosted their price target on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $138.28.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction 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 transaction, the insider owned 431,169 shares of the company's stock, valued at $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. Over the last quarter, insiders sold 1,625,634 shares of company stock valued at $248,926,404. 9.23% of the stock is currently owned by insiders.

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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