SPC Financial Inc. Sells 637 Shares of Palantir Technologies Inc. $PLTR

SPC Financial Inc. reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 23.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,127 shares of the company’s stock after selling 637 shares during the period. SPC Financial Inc.’s holdings in Palantir Technologies were worth $290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ignite Planners LLC grew its position in Palantir Technologies by 0.4% in the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock worth $2,094,000 after purchasing an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. boosted its stake in Palantir Technologies by 1.3% in the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after acquiring an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in Palantir Technologies by 1.0% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after acquiring an additional 73 shares during the last quarter. Boomfish Wealth Group LLC boosted its stake in Palantir Technologies by 2.7% in the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock valued at $379,000 after acquiring an additional 73 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in Palantir Technologies by 3.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company’s stock valued at $329,000 after acquiring an additional 80 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Down 5.4%

Shares of PLTR stock opened at $175.44 on Monday. The stock has a market capitalization of $416.20 billion, a P/E ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60. The firm’s 50 day moving average is $171.32 and its 200 day moving average is $140.40. Palantir Technologies Inc. has a 12 month low of $40.36 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results 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. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and boosted their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Loop Capital boosted 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. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $140.22.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock worth $244,714,146 in the last ninety days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Company 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.