Outlook Wealth Advisors LLC Invests $313,000 in Palantir Technologies Inc. $PLTR

Outlook Wealth Advisors LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,294 shares of the company’s stock, valued at approximately $313,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the second quarter worth $25,000. Briaud Financial Planning Inc bought a new stake in Palantir Technologies during the 2nd quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new position in Palantir Technologies in the 2nd quarter worth about $27,000. Frazier Financial Advisors LLC bought a new position in Palantir Technologies in the second quarter valued at about $28,000. Finally, MTM Investment Management LLC acquired a new stake in shares of Palantir Technologies during the second quarter valued at about $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 2.3%

Shares of PLTR stock opened at $167.33 on Wednesday. Palantir Technologies Inc. has a 52 week low of $59.26 and a 52 week high of $207.52. The firm has a 50 day moving average of $180.88 and a 200-day moving average of $157.59. The company has a market cap of $398.82 billion, a price-to-earnings ratio of 398.41, a price-to-earnings-growth ratio of 6.64 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company posted $0.10 earnings per share. The business’s quarterly revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the stock in a transaction that occurred 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 owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 186,194 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $28,999,715.50. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $1,001,824,183.50. This trade represents a 2.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 623,112 shares of company stock worth $97,592,605 in the last quarter. Company insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. HSBC raised their price objective on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Loop Capital lifted 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. Morgan Stanley increased their price target on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Finally, Mizuho lifted their price objective on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average price target of $172.28.

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.