Almanack Investment Partners LLC. Sells 525 Shares of Palantir Technologies Inc. $PLTR

Almanack Investment Partners LLC. trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 10,715 shares of the company’s stock after selling 525 shares during the period. Almanack Investment Partners LLC.’s holdings in Palantir Technologies were worth $1,461,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ellis Investment Partners LLC bought a new position in Palantir Technologies during the 2nd quarter valued at about $249,000. Yarger Wealth Strategies LLC lifted its holdings in Palantir Technologies by 13.7% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 3,129 shares of the company’s stock valued at $427,000 after purchasing an additional 377 shares during the last quarter. Retirement Planning Group LLC NY bought a new position in Palantir Technologies during the 2nd quarter valued at about $231,000. GW Henssler & Associates Ltd. bought a new position in Palantir Technologies during the 2nd quarter valued at about $312,000. Finally, Legal Advantage Investments Inc. lifted its holdings in Palantir Technologies by 1.5% during the 2nd quarter. Legal Advantage Investments Inc. now owns 45,450 shares of the company’s stock valued at $6,196,000 after purchasing an additional 650 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Citigroup reissued a “neutral” rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, 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. Five equities 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. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $140.22.

Palantir Technologies Trading Down 5.4%

PLTR opened at $175.44 on Monday. Palantir Technologies Inc. has a 1-year low of $40.36 and a 1-year high of $190.00. The firm has a 50-day moving average price of $171.32 and a two-hundred day moving average price of $140.40. The stock has a market capitalization of $416.20 billion, a PE ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the previous year, the company earned $0.09 EPS. 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. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the transaction, the director owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock worth $244,714,146 over the last 90 days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Company 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.