Palantir Technologies Inc. $PLTR Shares Sold by Game Plan Financial Advisors LLC

Game Plan Financial Advisors LLC lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 31.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,933 shares of the company's stock after selling 5,520 shares during the period. Game Plan Financial Advisors LLC's holdings in Palantir Technologies were worth $1,627,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth $450,000. Bison Wealth LLC grew its stake in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in shares of Palantir Technologies by 10.3% during the first quarter. Daymark Wealth Partners LLC now owns 10,678 shares of the company's stock worth $901,000 after purchasing an additional 998 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Palantir Technologies by 65.8% during the first quarter. Farther Finance Advisors LLC now owns 37,917 shares of the company's stock worth $3,211,000 after purchasing an additional 15,054 shares in the last quarter. Finally, Pallas Capital Advisors LLC grew its stake in shares of Palantir Technologies by 103.1% during the first quarter. Pallas Capital Advisors LLC now owns 16,326 shares of the company's stock worth $1,378,000 after purchasing an additional 8,286 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PLTR. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 5th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and upped their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Loop Capital upped their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, UBS Group restated a "neutral" rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $140.22.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 1,591,085 shares of company stock valued at $244,714,146. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $183.56 on Thursday. The company has a 50-day simple moving average of $170.35 and a 200-day simple moving average of $138.57. Palantir Technologies Inc. has a one year low of $40.36 and a one year high of $190.00. The stock has a market capitalization of $435.47 billion, a price-to-earnings ratio of 611.89, a PEG ratio of 9.87 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its 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 business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period in the prior year, the company earned $0.09 earnings per share. The business's revenue 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 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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