2,186 Shares in Palantir Technologies Inc. $PLTR Acquired by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,186 shares of the company’s stock, valued at approximately $298,000.

Other institutional investors have also made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth approximately $25,000. Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies during the second quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth approximately $28,000. Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies during the second quarter valued at approximately $31,000. Finally, Tradewinds Capital Management LLC raised its position in Palantir Technologies by 147.4% during the second quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on PLTR shares. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Bank of America raised their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $142.00.

Palantir Technologies Stock Down 2.1%

NASDAQ:PLTR opened at $194.55 on Friday. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $199.85. The firm has a market cap of $461.54 billion, a price-to-earnings ratio of 648.52, a P/E/G ratio of 10.78 and a beta of 2.60. The company’s 50 day moving average is $173.92 and its 200-day moving average is $149.67.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results 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 net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the firm posted $0.09 earnings per share. 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. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

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.