Focus Partners Advisor Solutions LLC Boosts Stake in Palantir Technologies Inc. $PLTR

Focus Partners Advisor Solutions LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 10.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,684 shares of the company’s stock after purchasing an additional 3,151 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Palantir Technologies were worth $4,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of PLTR. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $25,000. Briaud Financial Planning Inc bought a new position in Palantir Technologies during the second quarter valued at approximately $27,000. Frazier Financial Advisors LLC purchased a new stake in Palantir Technologies in the second quarter worth approximately $28,000. Family Legacy Financial Solutions LLC bought a new stake in Palantir Technologies in the 2nd quarter worth approximately $31,000. Finally, Tradewinds Capital Management LLC grew its position in Palantir Technologies by 147.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 2.3%

Shares of NASDAQ:PLTR opened at $184.63 on Friday. The stock has a 50 day moving average of $171.35 and a 200 day moving average of $146.82. The company has a market cap of $438.01 billion, a PE ratio of 615.45, a price-to-earnings-growth ratio of 10.01 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $40.90 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during 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%. The company’s revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 of the company’s stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,557,750 shares of company stock valued at $239,713,896. 9.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. Loop Capital raised their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. UBS Group restated a “neutral” rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Finally, Citigroup reissued a “neutral” rating and issued a $177.00 price objective (up previously from $158.00) 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 given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $141.28.

About Palantir Technologies

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.