Triad Wealth Partners LLC Purchases New Position in Palantir Technologies Inc. $PLTR

Triad Wealth Partners LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,793 shares of the company’s stock, valued at approximately $381,000.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Palantir Technologies by 19.5% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 948,476 shares of the company’s stock valued at $129,296,000 after buying an additional 154,773 shares during the period. Cornell Pochily Investment Advisors Inc. purchased a new stake in shares of Palantir Technologies in the second quarter valued at $206,000. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Palantir Technologies by 13.3% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 13,240 shares of the company’s stock valued at $1,805,000 after acquiring an additional 1,550 shares during the period. J. Safra Sarasin Holding AG lifted its holdings in shares of Palantir Technologies by 201.2% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 9,037 shares of the company’s stock worth $1,223,000 after acquiring an additional 6,037 shares during the last quarter. Finally, Sageworth Trust Co boosted its stake in shares of Palantir Technologies by 26.0% during the 2nd quarter. Sageworth Trust Co now owns 12,902 shares of the company’s stock worth $1,759,000 after purchasing an additional 2,660 shares during the period. 45.65% of the stock is owned by institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,591,085 shares of company stock worth $244,676,722. Insiders own 9.23% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Bank of America boosted their price objective on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research report on Tuesday, August 5th. Finally, Mizuho set a $165.00 target price on Palantir Technologies in a research report on Monday, September 15th. 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 company. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $140.22.

Palantir Technologies Trading Down 7.5%

Shares of PLTR stock opened at $173.07 on Friday. Palantir Technologies Inc. has a twelve month low of $38.78 and a twelve month high of $190.00. The stock has a fifty day simple moving average of $168.90 and a two-hundred day simple moving average of $136.63. The stock has a market capitalization of $410.58 billion, a price-to-earnings ratio of 576.92, a P/E/G ratio of 10.44 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the company posted $0.09 earnings per share. The firm’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. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.