Palantir Technologies Inc. $PLTR Holdings Decreased by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,138 shares of the company’s stock after selling 812 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Palantir Technologies were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at about $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies during the 1st quarter valued at about $27,000. Briaud Financial Planning Inc acquired a new stake in Palantir Technologies during the second quarter worth about $27,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Palantir Technologies in the second quarter worth about $27,000. 45.65% of the stock is currently owned by institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’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 sale, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. Insiders sold 180,651 shares of company stock worth $28,679,304 in the last three months. Insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Palantir Technologies in a research report on Monday. Daiwa Capital Markets boosted their price objective on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Citigroup increased their target price on Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. HSBC boosted their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. Finally, Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $165.42 on Thursday. Palantir Technologies Inc. has a 1 year low of $59.96 and a 1 year high of $207.52. The firm has a market capitalization of $394.27 billion, a PE ratio of 393.87, a price-to-earnings-growth ratio of 6.49 and a beta of 2.63. The stock has a fifty day moving average of $180.85 and a two-hundred day moving average of $157.65.

Palantir Technologies (NASDAQ:PLTR) last issued 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. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company’s revenue was up 62.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.