Vestmark Advisory Solutions Inc. Buys 60,548 Shares of Palantir Technologies Inc. $PLTR

Vestmark Advisory Solutions Inc. grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 40.1% during the second quarter, Holdings Channel reports. The firm owned 211,430 shares of the company’s stock after purchasing an additional 60,548 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Palantir Technologies were worth $28,822,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $450,000. Bison Wealth LLC grew its stake in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Capstone Wealth Management Group LLC raised its position in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,722 shares during the period. Envestnet Asset Management Inc. boosted its stake in Palantir Technologies by 58.0% in the first quarter. Envestnet Asset Management Inc. now owns 936,286 shares of the company’s stock valued at $79,023,000 after acquiring an additional 343,874 shares during the last quarter. Finally, Financial Counselors Inc. grew its position in shares of Palantir Technologies by 21.4% during the 1st quarter. Financial Counselors Inc. now owns 5,433 shares of the company’s stock valued at $459,000 after acquiring an additional 958 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. The trade was a 3.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,527,750 shares of company stock valued at $234,463,896 over the last quarter. Insiders own 9.23% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. HSBC lifted their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a report on Wednesday. Morgan Stanley increased their price target on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Piper Sandler boosted their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday. Daiwa Capital Markets raised their price objective on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Mizuho lifted their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $173.45.

Palantir Technologies Price Performance

PLTR opened at $173.47 on Friday. Palantir Technologies Inc. has a one year low of $55.30 and a one year high of $207.52. The company has a fifty day moving average price of $177.31 and a 200-day moving average price of $153.08. The firm has a market capitalization of $411.52 billion, a P/E ratio of 417.58, a price-to-earnings-growth ratio of 7.67 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.