Independent Solutions Wealth Management LLC Has $13.28 Million Stake in Palantir Technologies Inc. $PLTR

Independent Solutions Wealth Management LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 97,418 shares of the company’s stock after selling 2,578 shares during the quarter. Palantir Technologies comprises about 2.6% of Independent Solutions Wealth Management LLC’s investment portfolio, making the stock its 7th largest position. Independent Solutions Wealth Management LLC’s holdings in Palantir Technologies were worth $13,280,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth approximately $450,000. Bison Wealth LLC raised its position in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Congress Asset Management Co. bought a new stake in Palantir Technologies during the 1st quarter worth about $4,989,000. Miracle Mile Advisors LLC lifted its position in Palantir Technologies by 9.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 17,305 shares of the company’s stock valued at $1,461,000 after purchasing an additional 1,531 shares during the period. Finally, SOA Wealth Advisors LLC. grew its position in shares of Palantir Technologies by 113.7% during the 1st quarter. SOA Wealth Advisors LLC. now owns 1,496 shares of the company’s stock worth $126,000 after buying an additional 796 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Up 3.7%

Shares of PLTR stock opened at $179.53 on Tuesday. The company has a market capitalization of $425.91 billion, a price-to-earnings ratio of 598.45, a P/E/G ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $38.78 and a 12-month high of $190.00. The firm has a fifty day moving average of $169.33 and a 200-day moving average of $137.95.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several analyst reports. Bank of America increased their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital raised their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.22.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. The trade was a 34.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock valued at $244,676,722 in the last three months. 12.93% of the stock is currently owned by insiders.

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.