Outlook Wealth Advisors LLC Takes Position in Palantir Technologies Inc. $PLTR

Outlook Wealth Advisors LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,294 shares of the company’s stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accuvest Global Advisors raised its holdings in shares of Palantir Technologies by 0.7% in the 2nd quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock valued at $1,232,000 after purchasing an additional 63 shares during the period. Ignite Planners LLC increased its position in Palantir Technologies by 0.4% during 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 last quarter. Christensen King & Associates Investment Services Inc. raised its stake in Palantir Technologies by 1.3% in the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after buying an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. raised 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 valued at $1,007,000 after buying an additional 73 shares during the period. Finally, Boomfish Wealth Group LLC boosted its stake in shares of Palantir Technologies by 2.7% during the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock worth $379,000 after acquiring an additional 73 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Down 2.3%

Shares of NASDAQ:PLTR opened at $167.33 on Wednesday. Palantir Technologies Inc. has a 12-month low of $59.26 and a 12-month high of $207.52. The company’s 50 day moving average price is $180.88 and its two-hundred day moving average price is $157.59. The firm has a market cap of $398.82 billion, a PE ratio of 398.41, a PEG ratio of 6.64 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter 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, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 77,769 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $12,112,521.75. Following the sale, the insider owned 702,786 shares in the company, valued at $109,458,919.50. This represents a 9.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 623,112 shares of company stock valued at $97,592,605 in the last ninety days. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of research analyst reports. Bank of America increased their price target on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Mizuho raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Palantir Technologies in a report on Monday. Royal Bank Of Canada increased their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Finally, Robert W. Baird boosted their price objective on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently 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.