Strategic Advocates LLC Raises Stake in Palantir Technologies Inc. $PLTR

Strategic Advocates LLC increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 42,472 shares of the company’s stock after buying an additional 270 shares during the quarter. Palantir Technologies accounts for approximately 1.7% of Strategic Advocates LLC’s portfolio, making the stock its 11th largest holding. Strategic Advocates LLC’s holdings in Palantir Technologies were worth $5,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies in the 1st quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth about $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth about $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after buying an additional 185 shares during the last quarter. Finally, Richardson Capital Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth about $33,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jeffrey Buckley sold 2,803 shares of the company’s 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 sale, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,625,634 shares of company stock valued at $248,926,404. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Down 0.1%

Shares of PLTR opened at $171.21 on Tuesday. The business’s 50-day moving average price is $160.71 and its 200-day moving average price is $128.03. Palantir Technologies Inc. has a twelve month low of $35.56 and a twelve month high of $190.00. The stock has a market cap of $406.17 billion, a PE ratio of 570.72, a P/E/G ratio of 9.66 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share 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 firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company’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. Analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Loop Capital boosted their price objective on 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 Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Citigroup restated a “neutral” rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $138.28.

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.