Palantir Technologies Inc. $PLTR Shares Sold by VestGen Advisors LLC

VestGen Advisors LLC trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 171,616 shares of the company’s stock after selling 17,738 shares during the quarter. Palantir Technologies accounts for approximately 0.9% of VestGen Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. VestGen Advisors LLC’s holdings in Palantir Technologies were worth $23,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the first quarter worth about $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the first quarter valued at approximately $27,000. Briaud Financial Planning Inc acquired a new position in Palantir Technologies in the second quarter valued at approximately $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in Palantir Technologies in the second quarter valued at approximately $27,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $168.44 on Friday. The firm has a fifty day moving average of $179.48 and a 200 day moving average of $159.82. The firm has a market cap of $401.46 billion, a PE ratio of 401.05, a PEG ratio of 6.53 and a beta of 2.63. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data 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. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $0.10 earnings per share. The company’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. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note 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. UBS Group raised their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $172.28.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider directly owned 251,409 shares in the company, valued at approximately $40,818,765.24. The trade was a 12.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 359,325 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $58,925,706.75. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $1,054,825,989.42. The trade was a 5.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,146,892 shares of company stock worth $186,381,382 in the last three months. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Company 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.