Perfromance Wealth Partners LLC Reduces Stock Position in Palantir Technologies Inc. $PLTR

Perfromance Wealth Partners LLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,012 shares of the company’s stock after selling 780 shares during the period. Perfromance Wealth Partners LLC’s holdings in Palantir Technologies were worth $3,819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truist Financial Corp increased its stake in shares of Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after buying an additional 21,809 shares during the period. New Century Financial Group LLC bought a new stake in Palantir Technologies in the second quarter valued at $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after purchasing an additional 1,135,841 shares during the period. Synergy Asset Management LLC raised its holdings in Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock worth $1,312,000 after purchasing an additional 2,606 shares in the last quarter. Finally, Golden State Equity Partners lifted its position in shares of Palantir Technologies by 10.1% in the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company’s stock worth $2,503,000 after purchasing an additional 1,677 shares during the period. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the sale, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,557,750 shares of company stock valued at $239,713,896. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

PLTR stock opened at $177.21 on Tuesday. The firm has a 50 day moving average price of $171.65 and a 200-day moving average price of $141.04. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00. The firm has a market capitalization of $420.40 billion, a price-to-earnings ratio of 590.72, a PEG ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the topic of several research analyst reports. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Finally, Bank of America upped their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $140.22.

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.