Belpointe Asset Management LLC Has $10.03 Million Stock Position in Palantir Technologies Inc. $PLTR

Belpointe Asset Management LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 73,580 shares of the company’s stock after purchasing an additional 8,315 shares during the quarter. Belpointe Asset Management LLC’s holdings in Palantir Technologies were worth $10,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies in the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC bought a new stake in Palantir Technologies during the 1st quarter valued at $27,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at $31,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Down 7.5%

Palantir Technologies stock opened at $173.07 on Monday. The firm has a 50 day simple moving average of $168.90 and a 200 day simple moving average of $137.33. Palantir Technologies Inc. has a 1-year low of $38.78 and a 1-year high of $190.00. The firm has a market capitalization of $410.58 billion, a price-to-earnings ratio of 576.92, a P/E/G ratio of 9.66 and a beta of 2.60.

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

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock worth $244,676,722 over the last quarter. Insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on PLTR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research note on Saturday, September 27th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Cantor Fitzgerald lifted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Loop Capital boosted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Five investment 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $140.22.

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.