Signal Advisors Wealth LLC Decreases Position in Palantir Technologies Inc. $PLTR

Key Points

• Signal Advisors Wealth LLC reduced its holdings in Palantir Technologies by 68.4%, selling 15,797 shares during the 2nd quarter, leaving them with 7,283 shares worth $992,000.
• Palantir reported a 48% year-over-year increase in revenue to $1 billion for the most recent quarter, exceeding analyst expectations.
• Insider transactions are notable, with Shyam Sankar and Alexander C. Karp selling significant shares, totaling over $90 million, which may indicate shifts in confidence or strategy within the company.

Signal Advisors Wealth LLC trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 68.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,283 shares of the company's stock after selling 15,797 shares during the period. Signal Advisors Wealth LLC's holdings in Palantir Technologies were worth $992,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock valued at $984,786,000 after purchasing an additional 1,135,841 shares during the period. Hummer Financial Advisory Services Inc bought a new position in Palantir Technologies in the second quarter worth about $225,000. Bank of New Hampshire lifted its holdings in Palantir Technologies by 11.4% in the second quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock worth $2,705,000 after buying an additional 2,023 shares during the period. Fox Hill Wealth Management grew its holdings in shares of Palantir Technologies by 5.9% during the 2nd quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock worth $5,653,000 after acquiring an additional 2,325 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Palantir Technologies by 15.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock valued at $4,191,000 after purchasing an additional 6,479 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Up 3.1%

Shares of Palantir Technologies stock traded up $5.42 during trading hours on Friday, reaching $182.39. 108,970,930 shares of the stock traded hands, compared to its average volume of 60,474,068. Palantir Technologies Inc. has a one year low of $35.71 and a one year high of $190.00. The firm has a market capitalization of $432.69 billion, a price-to-earnings ratio of 607.99, a P/E/G ratio of 9.97 and a beta of 2.59. The company has a 50 day moving average price of $163.32 and a 200 day moving average price of $129.92.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $939.29 million. During the same period last year, the firm earned $0.09 earnings per share. The company's quarterly 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. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. UBS Group reissued a "neutral" rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note 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. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald lifted their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $138.28.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the firm's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider directly owned 50,961 shares of the company's stock, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 431,169 shares of the company's stock, valued at approximately $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. Insiders sold a total of 1,625,634 shares of company stock worth $248,926,404 in the last ninety days. Corporate insiders own 9.23% of the company's stock.

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.