Secured Retirement Advisors LLC Acquires New Shares in Palantir Technologies Inc. $PLTR

Key Points

• Secured Retirement Advisors LLC recently acquired a new position in Palantir Technologies Inc., purchasing 3,820 shares valued at approximately $521,000, highlighting ongoing interest from institutional investors in the company.
• Palantir Technologies reported a 48.0% increase in year-over-year revenue, achieving $1 billion during the quarter, with earnings per share of $0.16, surpassing expectations.
• Despite the positive earnings report, several analysts have rated Palantir as a "Hold," with a consensus price target of $140.22, reflecting mixed sentiment in the investment community.

Secured Retirement Advisors LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,820 shares of the company's stock, valued at approximately $521,000.

Other large investors have also recently added to or reduced their stakes in the company. Mechanics Financial Corp bought a new position in Palantir Technologies during the 1st quarter worth about $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies during the 1st quarter worth about $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the 1st quarter worth about $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies during the 2nd quarter worth about $31,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $182.17 on Wednesday. Palantir Technologies Inc. has a 52-week low of $39.01 and a 52-week high of $190.00. The company has a market capitalization of $432.17 billion, a P/E ratio of 607.25, a price-to-earnings-growth ratio of 10.02 and a beta of 2.60. The company has a 50-day simple moving average of $169.85 and a 200 day simple moving average of $138.26.

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, beating the consensus estimate 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 the consensus estimate of $939.29 million. During the same period last year, the business posted $0.09 EPS. 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 analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Citigroup restated a "neutral" rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $140.22.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 30,000 shares of the firm'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 in the company, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the sale, the director owned 62,087 shares of the company's stock, valued at $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock worth $244,714,146 in the last three months. Insiders own 12.93% of the company's stock.

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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