Investment Advisory Group LLC Buys 198 Shares of Palantir Technologies Inc. $PLTR

Investment Advisory Group LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.2% in the second quarter, Holdings Channel reports. The firm owned 3,382 shares of the company’s stock after acquiring an additional 198 shares during the quarter. Investment Advisory Group LLC’s holdings in Palantir Technologies were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PLTR. Mechanics Financial Corp bought a new position in Palantir Technologies in the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the first quarter valued at approximately $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the first quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies in the second quarter valued at approximately $31,000. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on PLTR shares. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Loop Capital boosted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Mizuho set a $165.00 price target on Palantir Technologies in a report on Monday, September 15th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $140.22.

Palantir Technologies Price Performance

PLTR opened at $175.44 on Friday. The business has a fifty day simple moving average of $171.32 and a 200 day simple moving average of $140.05. The company has a market capitalization of $416.20 billion, a PE ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $40.36 and a 1 year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the company posted $0.09 EPS. The firm’s quarterly 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. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock valued at $244,714,146 in the last three months. 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.