Sequoia Financial Advisors LLC Purchases 10,560 Shares of Palantir Technologies Inc. $PLTR

Sequoia Financial Advisors LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.7% in the second quarter, Holdings Channel.com reports. The firm owned 295,368 shares of the company’s stock after buying an additional 10,560 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Palantir Technologies were worth $40,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PLTR. Mechanics Financial Corp bought a new position in shares of Palantir Technologies during the first quarter valued at $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies during the second quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies during the first quarter valued at $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies during the first quarter valued at $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in shares of Palantir Technologies during the second quarter valued at $31,000. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider directly owned 702,786 shares of the company’s stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,591,085 shares of company stock worth $244,714,146. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Down 5.4%

Palantir Technologies stock opened at $175.44 on Monday. The business has a 50-day simple moving average of $171.32 and a two-hundred day simple moving average of $140.40. The company 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. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00.

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

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Loop Capital raised their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and raised their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Bank of America increased their price objective on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Five 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $140.22.

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.