Palantir Technologies Inc. $PLTR Shares Acquired by Prairie Wealth Advisors Inc.

Prairie Wealth Advisors Inc. lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,799 shares of the company’s stock after acquiring an additional 215 shares during the period. Prairie Wealth Advisors Inc.’s holdings in Palantir Technologies were worth $1,472,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PLTR. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter valued at $450,000. Bison Wealth LLC boosted its stake in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in Palantir Technologies in the 1st quarter valued at about $241,000. Mather Group LLC. increased its stake in shares of Palantir Technologies by 834.7% during the 1st quarter. Mather Group LLC. now owns 8,319 shares of the company’s stock valued at $702,000 after acquiring an additional 7,429 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. purchased a new position in shares of Palantir Technologies during the 1st quarter worth about $265,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PLTR shares. Piper Sandler boosted their target price on shares of Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Finally, Bank of America boosted their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $142.00.

Palantir Technologies Trading Up 4.9%

NASDAQ:PLTR opened at $198.81 on Thursday. The firm has a market capitalization of $471.64 billion, a price-to-earnings ratio of 662.72, a PEG ratio of 10.28 and a beta of 2.60. The firm’s fifty day simple moving average is $173.15 and its 200 day simple moving average is $149.36. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $199.85.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $89,611.04. The trade was a 99.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s 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 transaction, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,557,750 shares of company stock worth $239,713,896 in the last ninety days. 9.23% of the stock is currently owned by company insiders.

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.