Foundations Investment Advisors LLC Boosts Position in Palantir Technologies Inc. $PLTR

Foundations Investment Advisors LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 25.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,382 shares of the company’s stock after purchasing an additional 18,300 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Palantir Technologies were worth $12,321,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PLTR. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at approximately $2,543,888,000. Nuveen LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter worth $520,232,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Finally, Amundi boosted its position in shares of Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after acquiring an additional 3,815,386 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated 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 sale, the insider owned 431,169 shares of the company’s stock, valued at approximately $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 quarter, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Up 1.1%

PLTR stock opened at $174.01 on Friday. Palantir Technologies Inc. has a twelve month low of $58.85 and a twelve month high of $207.52. The company has a market capitalization of $414.74 billion, a P/E ratio of 414.32, a PEG ratio of 6.67 and a beta of 2.63. The business has a 50 day simple moving average of $180.47 and a 200-day simple moving average of $156.35.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on PLTR. HSBC upped their price objective on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. Northland Securities increased their price target on shares of Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. Robert W. Baird lifted their price target on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Bank of America upped their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $172.28.

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.