Carolina Wealth Advisors LLC Raises Holdings in Palantir Technologies Inc. $PLTR

Carolina Wealth Advisors LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 996.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 822 shares of the company’s stock after acquiring an additional 747 shares during the period. Carolina Wealth Advisors LLC’s holdings in Palantir Technologies were worth $112,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PLTR. MBL Wealth LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $234,000. Sutton Place Investors LLC acquired a new position in Palantir Technologies during the second quarter valued at approximately $269,000. Realta Investment Advisors lifted its position in Palantir Technologies by 52.9% during the second quarter. Realta Investment Advisors now owns 38,692 shares of the company’s stock valued at $5,274,000 after buying an additional 13,392 shares in the last quarter. Wealthcare Capital Partners LLC grew its stake in Palantir Technologies by 56.2% during the second quarter. Wealthcare Capital Partners LLC now owns 4,349 shares of the company’s stock worth $593,000 after buying an additional 1,564 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Palantir Technologies by 28.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 30,961 shares of the company’s stock worth $4,221,000 after acquiring an additional 6,770 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $173.07 on Friday. Palantir Technologies Inc. has a one year low of $38.78 and a one year high of $190.00. The company has a 50-day simple moving average of $168.90 and a 200-day simple moving average of $136.98. The firm has a market capitalization of $410.58 billion, a PE ratio of 576.92, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter last year, the company posted $0.09 earnings per share. Palantir Technologies’s revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PLTR. 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. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research report on Saturday, September 27th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Finally, Citigroup reiterated a “neutral” rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $140.22.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value of $1,598,400.00. Following the sale, the director directly owned 50,794 shares in the company, valued at approximately $9,021,014.40. This trade represents a 15.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the transaction, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,591,085 shares of company stock worth $244,676,722. 9.23% of the stock is currently owned by 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.