Bogart Wealth LLC Lowers Position in Palantir Technologies Inc. $PLTR

Bogart Wealth LLC trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,627 shares of the company’s stock after selling 73 shares during the quarter. Bogart Wealth LLC’s holdings in Palantir Technologies were worth $494,000 as of its most recent SEC filing.

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

Palantir Technologies Stock Up 1.9%

Shares of PLTR opened at $181.59 on Tuesday. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $190.00. The stock has a market cap of $430.79 billion, a PE ratio of 605.32, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The firm’s fifty day moving average is $171.50 and its two-hundred day moving average is $144.42.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion for 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 company’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PLTR. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Loop Capital upped 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. Bank of America increased their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Five 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 MarketBeat, the company has a consensus rating of “Hold” and an average price target of $141.28.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the company’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 value of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is 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.