Pasadena Private Wealth LLC Sells 216 Shares of Palantir Technologies Inc. $PLTR

Pasadena Private Wealth LLC reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,784 shares of the company’s stock after selling 216 shares during the period. Pasadena Private Wealth LLC’s holdings in Palantir Technologies were worth $379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Banco Santander S.A. grew its position in shares of Palantir Technologies by 165.6% in the second quarter. Banco Santander S.A. now owns 151,250 shares of the company’s stock valued at $20,618,000 after purchasing an additional 94,301 shares during the last quarter. Solstein Capital LLC grew its position in shares of Palantir Technologies by 106.8% in the second quarter. Solstein Capital LLC now owns 517 shares of the company’s stock valued at $70,000 after purchasing an additional 267 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Palantir Technologies by 12.4% in the second quarter. Nisa Investment Advisors LLC now owns 449,960 shares of the company’s stock valued at $61,339,000 after purchasing an additional 49,607 shares during the last quarter. Resonant Capital Advisors LLC grew its position in shares of Palantir Technologies by 55.4% in the second quarter. Resonant Capital Advisors LLC now owns 6,102 shares of the company’s stock valued at $832,000 after purchasing an additional 2,175 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of Palantir Technologies by 7.8% in the second quarter. Wealthfront Advisers LLC now owns 544,835 shares of the company’s stock valued at $74,272,000 after purchasing an additional 39,319 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred 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 sale, the insider directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred 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 sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,557,750 shares of company stock valued at $239,713,896. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 2.3%

NASDAQ PLTR opened at $184.63 on Monday. The stock’s 50 day moving average is $171.35 and its two-hundred day moving average is $147.20. The company has a market capitalization of $438.01 billion, a price-to-earnings ratio of 615.45, a PEG ratio of 10.01 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share 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 the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share. 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 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLTR. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Bank of America raised their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Finally, Citigroup reissued a “neutral” rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research 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 stock. According to data from MarketBeat.com, the company 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.