Revolve Wealth Partners LLC Sells 104 Shares of Palantir Technologies Inc. $PLTR

Revolve Wealth Partners LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,493 shares of the company’s stock after selling 104 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Palantir Technologies were worth $885,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PLTR. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the second quarter worth about $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Palantir Technologies in the second quarter valued at approximately $31,000. Adirondack Trust Co. boosted its position in Palantir Technologies by 185.0% in the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock valued at $39,000 after buying an additional 185 shares during the last quarter. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the first quarter valued at approximately $25,000. Finally, JNBA Financial Advisors boosted its position in Palantir Technologies by 200.0% in the 2nd quarter. JNBA Financial Advisors now owns 300 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $177.21 on Tuesday. Palantir Technologies Inc. has a 1-year low of $40.36 and a 1-year high of $190.00. The company has a market cap of $420.40 billion, a PE ratio of 590.72, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. The stock’s 50 day moving average price is $171.65 and its 200 day moving average price is $141.04.

Palantir Technologies (NASDAQ:PLTR) last posted its 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. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the business earned $0.09 earnings per share. Palantir Technologies’s quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Citigroup restated a “neutral” rating and issued a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. The Goldman Sachs Group increased their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Piper Sandler set a $182.00 target price on Palantir Technologies in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Finally, Bank of America increased their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.22.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies 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 transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. 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 over the last three months. Insiders own 12.93% of the company’s stock.

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.