Rehmann Capital Advisory Group Boosts Stake in Palantir Technologies Inc. $PLTR

Rehmann Capital Advisory Group increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,168 shares of the company’s stock after purchasing an additional 213 shares during the period. Rehmann Capital Advisory Group’s holdings in Palantir Technologies were worth $1,659,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Mechanics Financial Corp purchased a new position in Palantir Technologies in the 1st quarter valued at approximately $25,000. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the 2nd quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies in the 1st quarter valued at approximately $27,000. 1248 Management LLC purchased a new position in Palantir Technologies in the 1st quarter valued at approximately $27,000. Finally, Frazier Financial Advisors LLC purchased a new position in Palantir Technologies in the 2nd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. The trade was 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 Ryan D. Taylor sold 36,048 shares of Palantir Technologies 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 transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% 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 quarter. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $175.49 on Thursday. The firm has a market cap of $416.32 billion, a PE ratio of 584.99, a P/E/G ratio of 9.84 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00. The firm’s fifty day moving average is $171.21 and its two-hundred day moving average is $144.89.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating 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 net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PLTR shares. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Finally, UBS Group restated a “neutral” rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $141.28.

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.