Advisory Alpha LLC Purchases 960 Shares of Palantir Technologies Inc. $PLTR

Advisory Alpha LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,185 shares of the company’s stock after purchasing an additional 960 shares during the quarter. Advisory Alpha LLC’s holdings in Palantir Technologies were worth $1,116,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last 90 days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 0.2%

Shares of NASDAQ PLTR opened at $189.60 on Wednesday. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $192.83. The firm has a fifty day simple moving average of $172.29 and a 200 day simple moving average of $148.59. The company has a market capitalization of $449.80 billion, a PE ratio of 632.02, a P/E/G ratio of 10.25 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share 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 firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period last year, the company posted $0.09 EPS. The business’s quarterly revenue 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, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PLTR. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Bank of America raised their target price on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, Loop Capital raised their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $142.00.

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.