Palantir Technologies Inc. $PLTR Stock Position Boosted by Advance Capital Management Inc.

Advance Capital Management Inc. lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.9% during the second quarter, Holdings Channel.com reports. The fund owned 5,602 shares of the company’s stock after purchasing an additional 159 shares during the period. Advance Capital Management Inc.’s holdings in Palantir Technologies were worth $764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Optima Capital LLC lifted its holdings in shares of Palantir Technologies by 0.6% in the first quarter. Optima Capital LLC now owns 12,626 shares of the company’s stock valued at $1,066,000 after buying an additional 81 shares during the period. Allegiance Financial Group Advisory Services LLC raised its position in Palantir Technologies by 3.0% in the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company’s stock worth $246,000 after acquiring an additional 84 shares in the last quarter. Delta Investment Management LLC lifted its holdings in Palantir Technologies by 1.9% in the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company’s stock valued at $398,000 after acquiring an additional 90 shares during the last quarter. Sovran Advisors LLC boosted its position in shares of Palantir Technologies by 1.8% during the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company’s stock valued at $460,000 after purchasing an additional 94 shares in the last quarter. Finally, Lodestone Wealth Management LLC grew its stake in shares of Palantir Technologies by 1.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company’s stock worth $755,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,604,634 shares of company stock valued at $245,441,454. 12.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on PLTR shares. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 5th. Royal Bank Of Canada raised their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald lifted their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Mizuho raised Palantir Technologies from an “underperform” rating to a “neutral” rating and upped their target price for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. Finally, Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $136.61.

Palantir Technologies Trading Up 4.3%

Shares of NASDAQ:PLTR opened at $171.43 on Monday. The firm has a market cap of $406.69 billion, a price-to-earnings ratio of 571.45, a P/E/G ratio of 9.66 and a beta of 2.59. Palantir Technologies Inc. has a 1 year low of $34.89 and a 1 year high of $190.00. The business has a fifty day simple moving average of $160.07 and a 200 day simple moving average of $127.42.

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

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.