Fielder Capital Group LLC Has $3.64 Million Position in Palantir Technologies Inc. $PLTR

Fielder Capital Group LLC lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 24.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,674 shares of the company’s stock after selling 8,709 shares during the period. Palantir Technologies accounts for about 1.0% of Fielder Capital Group LLC’s portfolio, making the stock its 27th largest position. Fielder Capital Group LLC’s holdings in Palantir Technologies were worth $3,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Insight Wealth Partners LLC lifted its position in shares of Palantir Technologies by 24.9% during the 2nd quarter. Insight Wealth Partners LLC now owns 3,229 shares of the company’s stock valued at $440,000 after acquiring an additional 643 shares during the period. Curio Wealth LLC lifted its position in shares of Palantir Technologies by 18,450.0% during the 2nd quarter. Curio Wealth LLC now owns 371 shares of the company’s stock valued at $51,000 after acquiring an additional 369 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Palantir Technologies by 1.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 721,389 shares of the company’s stock valued at $98,340,000 after acquiring an additional 11,883 shares during the period. Leelyn Smith LLC lifted its position in shares of Palantir Technologies by 9.5% during the 2nd quarter. Leelyn Smith LLC now owns 5,465 shares of the company’s stock valued at $745,000 after acquiring an additional 473 shares during the period. Finally, Richards Merrill & Peterson Inc. lifted its position in shares of Palantir Technologies by 40.3% during the 2nd quarter. Richards Merrill & Peterson Inc. now owns 12,129 shares of the company’s stock valued at $1,653,000 after acquiring an additional 3,485 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PLTR. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Loop Capital boosted their price target 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 investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average price target of $141.28.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $184.63 on Friday. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00. The firm has a market cap of $438.01 billion, a price-to-earnings ratio of 615.45, a PEG ratio of 9.78 and a beta of 2.60. The company has a fifty day moving average price of $171.35 and a 200-day moving average price of $146.34.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $939.29 million. During the same quarter in the prior year, the business posted $0.09 EPS. The business’s 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. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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 completion of the transaction, the director owned 62,087 shares in the company, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the 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 transaction, the insider owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. The trade was a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is owned by insiders.

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.