OneAscent Wealth Management LLC Sells 1,999 Shares of Palantir Technologies Inc. $PLTR

OneAscent Wealth Management LLC reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 42.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,659 shares of the company’s stock after selling 1,999 shares during the period. OneAscent Wealth Management LLC’s holdings in Palantir Technologies were worth $362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PLTR. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth approximately $25,000. Briaud Financial Planning Inc purchased a new stake in Palantir Technologies in the 2nd quarter worth $27,000. Frazier Financial Advisors LLC bought a new stake in Palantir Technologies during the second quarter valued at about $28,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Palantir Technologies in the second quarter valued at about $31,000. Finally, Tradewinds Capital Management LLC boosted its stake in shares of Palantir Technologies by 147.4% in the second quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 6.8%

Palantir Technologies stock opened at $175.05 on Friday. Palantir Technologies Inc. has a 12-month low of $53.55 and a 12-month high of $207.52. The firm has a 50-day moving average price of $177.31 and a 200-day moving average price of $153.08. The firm has a market capitalization of $415.28 billion, a PE ratio of 416.80, a price-to-earnings-growth ratio of 7.67 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business 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 business earned $0.10 earnings per share. The company’s revenue for the quarter was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday. HSBC upped their target price on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday. Royal Bank Of Canada increased their price target on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday. Mizuho lifted their price objective on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Bank of America upped their price objective on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $167.66.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company’s stock, valued at $11,572,395.93. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, the insider owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,527,750 shares of company stock valued at $234,463,896. Insiders own 9.23% of the company’s stock.

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.