Palantir Technologies Inc. $PLTR Shares Bought by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,095 shares of the company’s stock after purchasing an additional 535 shares during the period. Palantir Technologies comprises 1.2% of Evolution Wealth Advisors LLC’s portfolio, making the stock its 20th largest position. Evolution Wealth Advisors LLC’s holdings in Palantir Technologies were worth $8,192,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC boosted its holdings in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC grew its stake in Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,722 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Palantir Technologies during the 1st quarter worth approximately $536,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Palantir Technologies by 290.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,860 shares of the company’s stock valued at $410,000 after purchasing an additional 3,615 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction 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 owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,527,750 shares of company stock valued at $234,463,896 in the last ninety days. Insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $172.14 on Friday. The firm has a market capitalization of $408.37 billion, a PE ratio of 409.87, a P/E/G ratio of 7.14 and a beta of 2.63. Palantir Technologies Inc. has a 1-year low of $58.53 and a 1-year high of $207.52. The business’s fifty day moving average price is $180.05 and its two-hundred day moving average price is $155.94.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The company’s quarterly revenue 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. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of recent analyst reports. Jefferies Financial Group reissued an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Daiwa Capital Markets raised their price objective on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Mizuho upped their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Morgan Stanley lifted their price target on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Finally, Bank of America boosted their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $172.28.

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.