Sax Wealth Advisors LLC Sells 1,009 Shares of Palantir Technologies Inc. $PLTR

Sax Wealth Advisors LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 26.9% in the 2nd quarter, Holdings Channel reports. The firm owned 2,735 shares of the company’s stock after selling 1,009 shares during the period. Sax Wealth Advisors LLC’s holdings in Palantir Technologies were worth $373,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mechanics Financial Corp bought a new stake in Palantir Technologies in the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies in the first quarter valued at approximately $27,000. 1248 Management LLC bought a new stake in Palantir Technologies in the first quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in Palantir Technologies in the second quarter valued at approximately $31,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the stock in a transaction on 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 completion of the sale, the insider owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% 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 valued at $244,714,146 in the last quarter. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Up 1.0%

Palantir Technologies stock opened at $185.47 on Friday. The company has a market cap of $440.00 billion, a P/E ratio of 618.25, a price-to-earnings-growth ratio of 9.95 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $40.36 and a 1-year high of $190.00. The company has a fifty day simple moving average of $170.89 and a 200 day simple moving average of $139.18.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last year, the firm 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.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital increased their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $140.22.

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.