Prosperity Financial Group Inc. Sells 1,032 Shares of Palantir Technologies Inc. $PLTR

Prosperity Financial Group Inc. decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,061 shares of the company’s stock after selling 1,032 shares during the period. Palantir Technologies accounts for about 1.9% of Prosperity Financial Group Inc.’s holdings, making the stock its 11th biggest position. Prosperity Financial Group Inc.’s holdings in Palantir Technologies were worth $4,371,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in PLTR. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies in the first quarter valued at $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter valued at about $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies during the first quarter valued at about $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Palantir Technologies in the second quarter worth about $28,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $175.49 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $40.90 and a fifty-two week high of $190.00. The firm has a market cap of $416.32 billion, a PE ratio of 584.99, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60. The business has a 50 day moving average price of $171.21 and a 200-day moving average price of $144.89.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm’s revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PLTR shares. UBS Group reaffirmed a “neutral” rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Piper Sandler upped their target price on Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Loop Capital increased their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $141.28.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last quarter. 9.23% of the stock is currently owned by company insiders.

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.