Palantir Technologies Inc. $PLTR Shares Sold by Retirement Planning Group LLC

Retirement Planning Group LLC lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 11.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,635 shares of the company’s stock after selling 3,158 shares during the quarter. Retirement Planning Group LLC’s holdings in Palantir Technologies were worth $3,222,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at approximately $25,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at approximately $28,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at approximately $31,000. Tradewinds Capital Management LLC raised its holdings in shares of Palantir Technologies by 147.4% during the second quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares during the last quarter. Finally, Adirondack Trust Co. raised its holdings in shares of Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock valued at $39,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 0.0%

NASDAQ:PLTR opened at $181.51 on Wednesday. The stock has a fifty day moving average price of $171.39 and a 200 day moving average price of $144.68. Palantir Technologies Inc. has a 12-month low of $40.90 and a 12-month high of $190.00. The firm has a market cap of $430.60 billion, a PE ratio of 605.05, a price-to-earnings-growth ratio of 9.84 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities 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 a number of research analyst reports. UBS Group reissued a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Loop Capital increased their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price target on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.28.

Insider Activity

In other Palantir Technologies 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 transaction of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider directly owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,750 shares of company stock worth $239,713,896 over the last quarter. 12.93% of the stock is owned by insiders.

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.