Palantir Technologies Inc. $PLTR Position Cut by Earned Wealth Advisors LLC

Earned Wealth Advisors LLC trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,193 shares of the company’s stock after selling 414 shares during the quarter. Earned Wealth Advisors LLC’s holdings in Palantir Technologies were worth $844,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies in the 2nd quarter valued at about $25,000. Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $28,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $31,000. Finally, Tradewinds Capital Management LLC raised its holdings in shares of 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 buying an additional 140 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Down 2.1%

Shares of Palantir Technologies stock opened at $194.55 on Friday. Palantir Technologies Inc. has a fifty-two week low of $40.90 and a fifty-two week high of $199.85. The firm has a market cap of $461.54 billion, a price-to-earnings ratio of 648.52, a price-to-earnings-growth ratio of 10.78 and a beta of 2.60. The business has a fifty day simple moving average of $173.92 and a 200-day simple moving average of $149.67.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share 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 during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the company earned $0.09 EPS. Palantir Technologies’s revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The SEC filing for this sale provides additional information. 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.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent analyst reports. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald lifted their price objective 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. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Citigroup boosted their price target on shares of Palantir Technologies from $177.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday. Five 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $142.00.

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.