SlateStone Wealth LLC Sells 4,434 Shares of Palantir Technologies Inc. $PLTR

SlateStone Wealth LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 5.7% during the second quarter, Holdings Channel.com reports. The firm owned 73,062 shares of the company’s stock after selling 4,434 shares during the period. SlateStone Wealth LLC’s holdings in Palantir Technologies were worth $9,960,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Accuvest Global Advisors grew 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 worth $1,232,000 after acquiring an additional 63 shares during the last quarter. Ignite Planners LLC raised its stake 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 acquiring an additional 66 shares during the last quarter. Christensen King & Associates Investment Services Inc. lifted its position in shares of Palantir Technologies by 1.3% during the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock worth $747,000 after purchasing an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its stake in shares of Palantir Technologies by 1.0% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after purchasing an additional 73 shares during the last quarter. Finally, Boomfish Wealth Group LLC grew its stake 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 valued at $379,000 after purchasing an additional 73 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 4.8%

NASDAQ:PLTR opened at $162.25 on Tuesday. Palantir Technologies Inc. has a 1-year low of $63.40 and a 1-year high of $207.52. The firm has a market capitalization of $386.71 billion, a price-to-earnings ratio of 386.32, a PEG ratio of 6.00 and a beta of 2.63. The business’s 50-day moving average price is $180.17 and its two-hundred day moving average price is $158.83.

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

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,252 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the sale, the insider directly owned 47,044 shares in the company, valued at approximately $7,409,430. This trade represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the completion of the transaction, the insider owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,149,695 shares of company stock valued at $186,821,453. Corporate insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the subject of several research analyst reports. Northland Securities boosted their price objective on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Piper Sandler boosted their target price on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. CICC Research lifted their price objective on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, Cantor Fitzgerald boosted their price objective on Palantir Technologies from $155.00 to $198.00 and gave the stock 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $172.28.

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.