Schwarz Dygos Wheeler Investment Advisors LLC Decreases Position in Palantir Technologies Inc. $PLTR

Schwarz Dygos Wheeler Investment Advisors LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 73.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,337 shares of the company’s stock after selling 20,350 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Palantir Technologies were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of PLTR. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the first quarter valued at approximately $27,000. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies in the second quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Palantir Technologies in the second quarter valued at $27,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 6.5%

NASDAQ PLTR opened at $172.14 on Friday. Palantir Technologies Inc. has a 12 month low of $58.53 and a 12 month high of $207.52. The company’s 50 day moving average is $180.05 and its two-hundred day moving average is $155.94. The stock has a market cap of $408.37 billion, a price-to-earnings ratio of 409.87, a PEG ratio of 7.14 and a beta of 2.63.

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

Analysts Set New Price Targets

PLTR has been the subject of several research analyst reports. Piper Sandler boosted their price objective on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Cantor Fitzgerald upped their target price on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Northland Securities boosted their target price on Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. Bank of America boosted their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $172.28.

Insider Buying and Selling

In other news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 2nd. The shares were 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 directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,527,750 shares of company stock worth $234,463,896 over the last ninety days. Company insiders own 9.23% of the company’s stock.

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.