Palantir Technologies Inc. $PLTR Shares Sold by Acorn Financial Advisory Services Inc. ADV

Acorn Financial Advisory Services Inc. ADV decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.0% in the second quarter, HoldingsChannel.com reports. The firm owned 15,845 shares of the company’s stock after selling 159 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in Palantir Technologies were worth $2,160,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PLTR. Mechanics Financial Corp acquired a new position in Palantir Technologies in the 1st quarter worth about $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter worth about $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the 1st quarter worth about $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in Palantir Technologies in the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on PLTR. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Cantor Fitzgerald increased their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. UBS Group reissued a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Finally, Wedbush set a $200.00 target price on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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 stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shyam Sankar sold 375,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the transaction, the insider owned 702,786 shares of the company’s stock, valued at $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $177.21 on Tuesday. Palantir Technologies Inc. has a one year low of $40.36 and a one year high of $190.00. The stock has a market cap of $420.40 billion, a PE ratio of 590.72, a P/E/G ratio of 9.51 and a beta of 2.60. The stock has a 50 day moving average price of $171.65 and a 200 day moving average price of $141.04.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly 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 firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business’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, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.