14,377 Shares in Palantir Technologies Inc. $PLTR Bought by United Asset Strategies Inc.

United Asset Strategies Inc. acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,377 shares of the company’s stock, valued at approximately $1,960,000.

A number of other institutional investors have also recently made changes to their positions in PLTR. Accuvest Global Advisors raised its holdings in Palantir Technologies by 0.7% during the 2nd quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock valued at $1,232,000 after buying an additional 63 shares during the period. Ignite Planners LLC raised its holdings in shares of Palantir Technologies by 0.4% in the second quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock worth $2,094,000 after buying an additional 66 shares during the period. Christensen King & Associates Investment Services Inc. grew its position in Palantir Technologies by 1.3% in the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after acquiring an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its stake in Palantir Technologies by 1.0% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock worth $1,007,000 after purchasing an additional 73 shares during the period. Finally, Boomfish Wealth Group LLC lifted its position in shares of Palantir Technologies by 2.7% during the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock worth $379,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $190.96 on Wednesday. Palantir Technologies Inc. has a fifty-two week low of $58.53 and a fifty-two week high of $207.52. The company has a market cap of $453.02 billion, a PE ratio of 454.68, a P/E/G ratio of 7.51 and a beta of 2.63. The business has a 50-day simple moving average of $179.15 and a two-hundred day simple moving average of $155.63.

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

Insiders Place Their Bets

In other news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,527,750 shares of company stock worth $234,463,896. 12.93% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. HSBC raised their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, November 5th. Morgan Stanley raised their price target on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada upped their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Five investment 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.com, the company currently has an average rating of “Hold” and a consensus price target of $173.45.

Palantir Technologies 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.