Stratos Wealth Partners LTD. Purchases 25,202 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Stratos Wealth Partners LTD. increased its ownership in Palantir Technologies Inc. by 13.1%, acquiring an additional 25,202 shares, bringing its total holdings to 217,749 shares valued at approximately $29.68 million.
• Several analysts have mixed ratings on Palantir, with five analysts rating the stock as a Buy, while the majority hold a Hold rating, and a consensus target price set at $141.28.
• Insider trading showed significant activity, as insiders sold a total of 1,557,750 shares of Palantir stock valued at approximately $239.71 million within the last ninety days.

Stratos Wealth Partners LTD. increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 217,749 shares of the company's stock after acquiring an additional 25,202 shares during the period. Stratos Wealth Partners LTD.'s holdings in Palantir Technologies were worth $29,684,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies during the second quarter worth about $25,000. Frazier Financial Advisors LLC bought a new stake in Palantir Technologies during the second quarter worth about $28,000. Family Legacy Financial Solutions LLC bought a new stake in Palantir Technologies during the second quarter worth about $31,000. Adirondack Trust Co. raised its holdings in Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after acquiring an additional 185 shares in the last quarter. Finally, Mechanics Financial Corp bought a new stake in Palantir Technologies during the first quarter worth about $25,000. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLTR shares. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. Weiss Ratings restated a "buy (b-)" rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Citigroup restated a "neutral" rating and issued a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada upped their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $141.28.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the 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 represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last ninety days. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Trading Down 0.8%

Palantir Technologies stock opened at $178.12 on Friday. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $190.00. The stock's 50 day moving average is $171.70 and its 200-day moving average is $142.22. The company has a market capitalization of $422.56 billion, a price-to-earnings ratio of 593.75, a PEG ratio of 9.74 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The firm's revenue for the quarter 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 predict that Palantir Technologies Inc. will post 0.31 earnings per share 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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