Rehmann Capital Advisory Group Increases Stock Position in Palantir Technologies Inc. $PLTR

Rehmann Capital Advisory Group increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,168 shares of the company’s stock after buying an additional 213 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Palantir Technologies were worth $1,659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PLTR. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies in the first quarter valued at $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies during the 1st quarter valued at $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the 1st quarter valued at $27,000. Finally, Frazier Financial Advisors LLC bought a new position in Palantir Technologies during the 2nd quarter valued at $28,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Loop Capital increased their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $141.28.

Palantir Technologies Stock Down 3.3%

PLTR stock opened at $175.49 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $40.90 and a fifty-two week high of $190.00. The firm’s 50-day simple moving average is $171.21 and its 200 day simple moving average is $144.89. The stock has a market cap of $416.32 billion, a PE ratio of 584.99, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter last year, the company earned $0.09 EPS. The company’s revenue for the quarter 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. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is owned by company insiders.

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.