Princeton Global Asset Management LLC Has $1.49 Million Stock Position in Palantir Technologies Inc. $PLTR

Princeton Global Asset Management LLC increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,916 shares of the company’s stock after acquiring an additional 1,076 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Palantir Technologies were worth $1,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Schnieders Capital Management LLC lifted its stake in shares of Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC now owns 6,294 shares of the company’s stock worth $858,000 after acquiring an additional 1,694 shares during the period. Alan B Lancz & Associates Inc. acquired a new position in Palantir Technologies in the second quarter valued at approximately $320,000. Evermay Wealth Management LLC lifted its stake in Palantir Technologies by 43,700.0% in the second quarter. Evermay Wealth Management LLC now owns 876 shares of the company’s stock valued at $119,000 after buying an additional 874 shares during the period. CMG Global Holdings LLC lifted its stake in Palantir Technologies by 18.0% in the second quarter. CMG Global Holdings LLC now owns 2,195 shares of the company’s stock valued at $299,000 after buying an additional 335 shares during the period. Finally, Liberty Square Wealth Partners LLC lifted its stake in Palantir Technologies by 3.2% in the second quarter. Liberty Square Wealth Partners LLC now owns 2,818 shares of the company’s stock valued at $384,000 after buying an additional 88 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the transaction, the director owned 62,087 shares in the company, valued at $11,572,395.93. This represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the company’s 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 completion of the transaction, the insider owned 431,169 shares of the company’s stock, 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. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last three months. Insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 0.0%

Shares of Palantir Technologies stock opened at $178.15 on Monday. The stock has a fifty day simple moving average of $171.52 and a 200 day simple moving average of $143.67. Palantir Technologies Inc. has a 12-month low of $40.90 and a 12-month high of $190.00. The company has a market capitalization of $422.63 billion, a P/E ratio of 593.85, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. Palantir Technologies’s revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on PLTR. Piper Sandler boosted their price target on Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, Cantor Fitzgerald boosted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Five equities 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $141.28.

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.