Wisconsin Wealth Advisors LLC Sells 1,582 Shares of Palantir Technologies Inc. $PLTR

Wisconsin Wealth Advisors LLC lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 11.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,129 shares of the company’s stock after selling 1,582 shares during the period. Palantir Technologies accounts for approximately 1.9% of Wisconsin Wealth Advisors LLC’s portfolio, making the stock its 15th largest holding. Wisconsin Wealth Advisors LLC’s holdings in Palantir Technologies were worth $1,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLTR. Vanguard Group Inc. grew its position in Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after acquiring an additional 7,194,216 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after purchasing an additional 64,973 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Palantir Technologies during the 2nd quarter valued at about $2,543,888,000. Invesco Ltd. raised its holdings in shares of Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after buying an additional 2,998,716 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after buying an additional 4,221,392 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLTR has been the topic of a number of recent research reports. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Mizuho lifted their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Citigroup lifted their price objective on Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Cantor Fitzgerald increased their target price on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” 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 MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies Price Performance

PLTR opened at $172.59 on Thursday. Palantir Technologies Inc. has a one year low of $60.90 and a one year high of $207.52. The business has a 50 day simple moving average of $180.85 and a two-hundred day simple moving average of $157.65. The firm has a market capitalization of $411.35 billion, a price-to-earnings ratio of 410.93, a PEG ratio of 6.49 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced 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 net margin of 28.11% and a return on equity of 15.48%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $0.10 earnings per share. Palantir Technologies’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. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the firm’s 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 approximately $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 180,651 shares of company stock valued at $28,679,304 over the last 90 days. 9.23% of the stock is currently owned by company insiders.

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.