NewSquare Capital LLC Has $194,000 Position in Palantir Technologies Inc. $PLTR

NewSquare Capital LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 72.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,426 shares of the company’s stock after purchasing an additional 599 shares during the quarter. NewSquare Capital LLC’s holdings in Palantir Technologies were worth $194,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PLTR. Mechanics Financial Corp acquired a new stake in Palantir Technologies in the 1st quarter valued at $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies during the 1st quarter valued at $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the 1st quarter valued at $27,000. Finally, Briaud Financial Planning Inc bought a new position in Palantir Technologies during the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on PLTR shares. Morgan Stanley raised their price objective on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday. Royal Bank Of Canada raised their price objective on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their target price on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $168.33.

Palantir Technologies Stock Down 7.9%

PLTR stock opened at $190.74 on Wednesday. The firm has a market capitalization of $452.50 billion, a PE ratio of 454.15, a PEG ratio of 11.23 and a beta of 2.63. Palantir Technologies Inc. has a twelve month low of $46.86 and a twelve month high of $207.52. The stock has a 50-day simple moving average of $176.35 and a two-hundred day simple moving average of $152.68.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 16.27% and a net margin of 28.11%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares of the company’s stock, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,527,750 shares of company stock valued at $234,463,896 over the last 90 days. Company insiders own 12.93% of the company’s stock.

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.