Valmark Advisers Inc. Grows Holdings in Palantir Technologies Inc. $PLTR

Valmark Advisers Inc. lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,360 shares of the company’s stock after buying an additional 596 shares during the quarter. Valmark Advisers Inc.’s holdings in Palantir Technologies were worth $1,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Gainplan LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at about $422,000. WESPAC Advisors LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at about $231,000. Traphagen Investment Advisors LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at about $462,000. Matisse Capital grew its position in Palantir Technologies by 15.0% during the 2nd quarter. Matisse Capital now owns 4,600 shares of the company’s stock valued at $627,000 after purchasing an additional 600 shares during the last quarter. Finally, Secured Retirement Advisors LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at about $521,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 375,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the transaction, the insider owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,591,085 shares of company stock worth $244,714,146. 9.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PLTR has been the topic of several recent analyst reports. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada increased their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday. Finally, UBS Group restated a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $140.22.

Palantir Technologies Stock Up 1.0%

Shares of NASDAQ:PLTR opened at $185.47 on Friday. The firm’s 50 day moving average price is $170.89 and its 200-day moving average price is $139.18. Palantir Technologies Inc. has a twelve month low of $40.36 and a twelve month high of $190.00. The stock has a market capitalization of $440.00 billion, a PE ratio of 618.25, a price-to-earnings-growth ratio of 9.95 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the prior year, the business earned $0.09 EPS. The business’s quarterly revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.