Pekin Hardy Strauss Inc. Sells 1,115 Shares of Palantir Technologies Inc. $PLTR

Pekin Hardy Strauss Inc. lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 25.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,315 shares of the company’s stock after selling 1,115 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Palantir Technologies were worth $452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLTR. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the first quarter worth about $25,000. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the 1st quarter worth about $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies during the first quarter worth approximately $27,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. HSBC increased their price objective on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research note on Wednesday. Royal Bank Of Canada increased their price target on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday. Daiwa Capital Markets lifted their price objective on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Mizuho raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average target price of $173.45.

Palantir Technologies Trading Up 1.6%

Shares of PLTR stock opened at $177.93 on Friday. Palantir Technologies Inc. has a 12-month low of $55.30 and a 12-month high of $207.52. The business’s fifty day simple moving average is $177.73 and its 200-day simple moving average is $153.68. The company has a market cap of $422.11 billion, a PE ratio of 423.65, a PEG ratio of 6.78 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $0.10 EPS. The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares of the company’s stock, valued at $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. Insiders own 9.23% of the company’s stock.

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.