Palantir Technologies Inc. $PLTR Shares Bought by Advisory Alpha LLC

Key Points

• Advisory Alpha LLC increased its stake in Palantir Technologies by 51.1%, acquiring a total of 7,225 shares, valued at $610,000.
• Insider David A. Glazer sold 81,000 shares worth approximately $12.51 million, reducing his ownership by 15.82%.
• Palantir Technologies reported earnings of $0.16 per share for the last quarter, surpassing analyst estimates and achieving a 48.0% revenue growth year-over-year.

Advisory Alpha LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 51.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,225 shares of the company's stock after buying an additional 2,444 shares during the quarter. Advisory Alpha LLC's holdings in Palantir Technologies were worth $610,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies in the first quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction that occurred on 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 sale, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. The trade was 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 available through this link. Also, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,604,634 shares of company stock valued at $245,441,454 over the last quarter. 12.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PLTR. UBS Group reiterated a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. 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. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Citigroup restated a "neutral" rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $162.36 on Wednesday. The firm has a market capitalization of $385.17 billion, a price-to-earnings ratio of 541.22, a PEG ratio of 8.80 and a beta of 2.59. The company's 50-day moving average is $158.03 and its two-hundred day moving average is $125.50. Palantir Technologies Inc. has a 1-year low of $33.62 and a 1-year high of $190.00.

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

Palantir Technologies Company 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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