Signature Estate & Investment Advisors LLC Has $496,000 Stake in Palantir Technologies Inc. $PLTR

Signature Estate & Investment Advisors LLC reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,638 shares of the company’s stock after selling 79 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Palantir Technologies were worth $496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies in the second quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth about $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $28,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Up 1.9%

PLTR stock opened at $181.59 on Tuesday. The stock has a market cap of $430.79 billion, a P/E ratio of 605.32, a P/E/G ratio of 9.66 and a beta of 2.60. The stock’s fifty day simple moving average is $171.50 and its two-hundred day simple moving average is $144.42. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PLTR shares. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, Bank of America increased their target price on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $141.28.

Insider Activity at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares in the company, valued at $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the transaction, the director owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock worth $239,713,896 over the last three months. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies 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.