GC Wealth Management RIA LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 165.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,565 shares of the company's stock after acquiring an additional 10,315 shares during the period. GC Wealth Management RIA LLC's holdings in Palantir Technologies were worth $2,258,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies during the first quarter valued at about $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies during the second quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies during the first quarter valued at about $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies during the first quarter valued at about $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new stake in shares of Palantir Technologies during the second quarter valued at about $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on PLTR shares. UBS Group restated a "neutral" rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a research note on Tuesday, August 5th. Bank of America lifted their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Cantor Fitzgerald lifted their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average price target of $140.22.
Check Out Our Latest Analysis on Palantir Technologies
Palantir Technologies Stock Down 0.9%
Shares of NASDAQ PLTR opened at $177.57 on Monday. The firm's 50-day moving average price is $166.16 and its two-hundred day moving average price is $134.01. Palantir Technologies Inc. has a 52-week low of $36.05 and a 52-week high of $190.00. The stock has a market capitalization of $421.26 billion, a P/E ratio of 591.92, a P/E/G ratio of 9.91 and a beta of 2.59.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $939.29 million. During the same quarter last year, the company posted $0.09 earnings per share. Palantir Technologies's revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.
Insider Transactions at Palantir Technologies
In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the firm's 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 transaction, the insider owned 307,470 shares of the company's stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of the firm's stock in a transaction dated 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 $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,634,634 shares of company stock valued at $250,524,804 over the last ninety days. Insiders own 12.93% of the company's stock.
Palantir Technologies Company Profile
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Free Report)
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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