Almanack Investment Partners LLC. Has $1.46 Million Stake in Palantir Technologies Inc. $PLTR

Almanack Investment Partners LLC. lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,715 shares of the company’s stock after selling 525 shares during the period. Almanack Investment Partners LLC.’s holdings in Palantir Technologies were worth $1,461,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mechanics Financial Corp acquired a new stake in Palantir Technologies in the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter worth $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter worth $27,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter worth $31,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and raised their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Bank of America raised their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research note on Monday, September 15th. Citigroup reiterated a “neutral” rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Loop Capital raised their target price 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. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $140.22.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $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 firm’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 transaction, the insider directly owned 50,961 shares of the company’s stock, valued at $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,591,085 shares of company stock worth $244,714,146. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $175.44 on Monday. Palantir Technologies Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $190.00. The firm has a fifty day moving average price of $171.32 and a two-hundred day moving average price of $140.40. The company has a market cap 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 (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the firm earned $0.09 EPS. The business’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.

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.