Lauer Wealth LLC Sells 3,067 Shares of Palantir Technologies Inc. $PLTR

Lauer Wealth LLC trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 33.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,140 shares of the company’s stock after selling 3,067 shares during the period. Palantir Technologies accounts for about 0.7% of Lauer Wealth LLC’s investment portfolio, making the stock its 18th biggest holding. Lauer Wealth LLC’s holdings in Palantir Technologies were worth $837,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Choreo LLC grew its holdings in Palantir Technologies by 3.6% in the second quarter. Choreo LLC now owns 58,907 shares of the company’s stock worth $8,030,000 after purchasing an additional 2,072 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Palantir Technologies by 3.1% during the second quarter. Russell Investments Group Ltd. now owns 849,135 shares of the company’s stock worth $115,421,000 after acquiring an additional 25,416 shares during the last quarter. Inceptionr LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at about $552,000. Country Trust Bank raised its position in shares of Palantir Technologies by 99.6% in the 2nd quarter. Country Trust Bank now owns 1,343 shares of the company’s stock valued at $183,000 after purchasing an additional 670 shares during the last quarter. Finally, Viawealth LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth approximately $222,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 1,973 shares of Palantir Technologies stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $308,281.25. Following the completion of the sale, the insider directly owned 413,639 shares in the company, valued at $64,631,093.75. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 39,136 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $6,115,000.00. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $92,500. This represents a 98.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,149,695 shares of company stock valued at $186,821,453. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

PLTR stock opened at $163.55 on Wednesday. The firm’s fifty day moving average is $180.03 and its 200 day moving average is $159.16. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The firm has a market cap of $389.81 billion, a PE ratio of 389.41, a P/E/G ratio of 6.29 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business earned $0.10 earnings per share. The business’s revenue was up 62.8% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PLTR shares. Citigroup raised their price target on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Royal Bank Of Canada raised their target price on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 4th. Bank of America lifted their price target on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Mizuho raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.