Palantir Technologies Inc. $PLTR Shares Bought by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.8% during the 2nd quarter, Holdings Channel reports. The firm owned 73,151 shares of the company’s stock after buying an additional 545 shares during the quarter. Palantir Technologies comprises 5.3% of Mark Sheptoff Financial Planning LLC’s portfolio, making the stock its 3rd largest holding. Mark Sheptoff Financial Planning LLC’s holdings in Palantir Technologies were worth $9,972,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies in the fourth quarter valued at approximately $450,000. Bison Wealth LLC increased its stake in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares during the period. Capstone Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Palantir Technologies by 58.0% in the first quarter. Envestnet Asset Management Inc. now owns 936,286 shares of the company’s stock valued at $79,023,000 after acquiring an additional 343,874 shares during the period. Finally, Cornerstone Planning Group LLC boosted its holdings in Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after buying an additional 185 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $177.93 on Friday. Palantir Technologies Inc. has a one year low of $55.30 and a one year high of $207.52. The business has a fifty day moving average price of $177.73 and a 200 day moving average price of $153.68. The company has a market cap of $422.11 billion, a P/E ratio of 423.65, a P/E/G ratio of 6.78 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data 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. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s revenue was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. 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 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on PLTR shares. Citigroup upped their price objective on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wall Street Zen upgraded Palantir Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Daiwa Capital Markets boosted their price objective on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Loop Capital upped their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Five equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $173.45.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,527,750 shares of company stock valued at $234,463,896. Insiders own 9.23% 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.