Investment Advisory Group LLC Has $461,000 Stock Position in Palantir Technologies Inc. $PLTR

Investment Advisory Group LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,382 shares of the company’s stock after purchasing an additional 198 shares during the quarter. Investment Advisory Group LLC’s holdings in Palantir Technologies were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mechanics Financial Corp bought a new stake in Palantir Technologies in the first quarter valued at about $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter valued at about $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies during the 2nd quarter worth approximately $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $175.44 on Friday. The firm has a market cap of $416.20 billion, a P/E ratio of 584.82, a P/E/G ratio of 9.51 and a beta of 2.60. The stock’s 50-day moving average is $171.32 and its 200-day moving average is $140.05. Palantir Technologies Inc. has a one year low of $40.36 and a one year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLTR. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 target price on Palantir Technologies in a research note on Monday, September 15th. Finally, Citigroup reaffirmed a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $140.22.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock valued at $244,714,146 over the last ninety days. Company 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.