Palantir Technologies Inc. $PLTR Shares Sold by IFG Advisory LLC

IFG Advisory LLC trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,122 shares of the company’s stock after selling 3,119 shares during the quarter. IFG Advisory LLC’s holdings in Palantir Technologies were worth $9,014,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mechanics Financial Corp bought a new stake in Palantir Technologies in the first quarter worth about $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $27,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies in the 2nd quarter worth about $27,000. 45.65% of the stock is currently owned by institutional investors.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider owned 702,786 shares of the company’s stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred 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 completion of the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR 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 stock has a market capitalization of $461.54 billion, a PE ratio of 648.52, a P/E/G ratio of 10.78 and a beta of 2.60. The company’s fifty day moving average is $173.92 and its 200 day moving average is $149.67.

Palantir Technologies (NASDAQ:PLTR) last issued 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 company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same period in the prior year, the business earned $0.09 EPS. The firm’s quarterly 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. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLTR. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Mizuho set a $165.00 price objective on Palantir Technologies in a research report on Monday, September 15th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $142.00.

Palantir Technologies 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.