Palantir Technologies Inc. $PLTR Shares Bought by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,810 shares of the company’s stock after purchasing an additional 176 shares during the period. Tritonpoint Wealth LLC’s holdings in Palantir Technologies were worth $1,065,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Coastline Trust Co increased its position in Palantir Technologies by 560.6% during the 2nd quarter. Coastline Trust Co now owns 18,438 shares of the company’s stock worth $2,513,000 after purchasing an additional 15,647 shares during the period. Guyasuta Investment Advisors Inc. increased its position in Palantir Technologies by 22.3% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 7,415 shares of the company’s stock worth $1,011,000 after purchasing an additional 1,350 shares during the period. Clay Northam Wealth Management LLC grew its holdings in shares of Palantir Technologies by 8.7% in the 2nd quarter. Clay Northam Wealth Management LLC now owns 12,967 shares of the company’s stock worth $1,768,000 after acquiring an additional 1,035 shares during the period. Worth Financial Advisory Group LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $311,000. Finally, Avior Wealth Management LLC grew its holdings in shares of Palantir Technologies by 27.9% in the 2nd quarter. Avior Wealth Management LLC now owns 16,090 shares of the company’s stock worth $2,193,000 after acquiring an additional 3,509 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction 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 of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value of $1,598,400.00. Following the transaction, the director directly owned 50,794 shares in the company, valued at approximately $9,021,014.40. This represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock worth $250,524,804 in the last quarter. Insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PLTR shares. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Piper Sandler set a $182.00 price target on Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald upped their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. UBS Group restated a “neutral” rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group upped their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $140.22.

Palantir Technologies Stock Performance

PLTR stock opened at $177.57 on Monday. Palantir Technologies Inc. has a 1 year low of $36.05 and a 1 year high of $190.00. The stock’s 50 day moving average price is $166.16 and its 200 day moving average price is $134.01. The firm has a market cap of $421.26 billion, a P/E ratio of 591.92, a PEG ratio of 9.91 and a beta of 2.59.

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

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.