Stratos Wealth Advisors LLC Reduces Position in Palantir Technologies Inc. $PLTR

Stratos Wealth Advisors LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 34.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,254 shares of the company’s stock after selling 8,882 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Palantir Technologies were worth $2,352,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Private Trust Co. NA increased its position in shares of Palantir Technologies by 4.0% during the second quarter. Private Trust Co. NA now owns 18,224 shares of the company’s stock worth $2,484,000 after acquiring an additional 702 shares during the last quarter. Straight Path Wealth Management increased its position in shares of Palantir Technologies by 6.9% during the second quarter. Straight Path Wealth Management now owns 21,680 shares of the company’s stock worth $2,955,000 after acquiring an additional 1,399 shares during the last quarter. Angeles Wealth Management LLC increased its position in shares of Palantir Technologies by 25.4% during the second quarter. Angeles Wealth Management LLC now owns 6,788 shares of the company’s stock worth $925,000 after acquiring an additional 1,375 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. purchased a new stake in shares of Palantir Technologies during the second quarter worth about $286,000. Finally, Nordea Investment Management AB increased its position in shares of Palantir Technologies by 116.8% during the second quarter. Nordea Investment Management AB now owns 2,470,129 shares of the company’s stock worth $339,791,000 after acquiring an additional 1,330,812 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

PLTR opened at $178.15 on Friday. The company has a market capitalization of $422.63 billion, a price-to-earnings ratio of 593.85, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00. The business has a 50 day moving average price of $171.52 and a two-hundred day moving average price of $142.87.

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

Insider Buying and Selling

In other news, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value 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. Over the last three months, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. 9.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on PLTR shares. DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Piper Sandler boosted their price objective on Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Royal Bank Of Canada boosted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Finally, Bank of America boosted their price objective on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average target price of $141.28.

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.