Wealth Architects LLC Decreases Stock Position in Palantir Technologies Inc. $PLTR

Wealth Architects LLC reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,486 shares of the company’s stock after selling 539 shares during the period. Wealth Architects LLC’s holdings in Palantir Technologies were worth $3,883,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLTR. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Loop Capital boosted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group upped their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $140.22.

Insider Buying and Selling

In related news, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction on 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock worth $244,714,146 in the last three months. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 5.4%

PLTR stock opened at $175.44 on Monday. The stock has a market cap of $416.20 billion, a P/E ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60. The business’s 50-day moving average price is $171.32 and its 200-day moving average price is $140.40. Palantir Technologies Inc. has a twelve month low of $40.36 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its 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. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share 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.