Palantir Technologies Inc. $PLTR Shares Acquired by Wagner Wealth Management LLC

Wagner Wealth Management LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,998 shares of the company’s stock after acquiring an additional 84 shares during the quarter. Wagner Wealth Management LLC’s holdings in Palantir Technologies were worth $409,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PLTR. San Luis Wealth Advisors LLC raised its position in shares of Palantir Technologies by 27.2% during the 2nd quarter. San Luis Wealth Advisors LLC now owns 3,324 shares of the company’s stock worth $453,000 after buying an additional 711 shares in the last quarter. Grandview Asset Management LLC bought a new position in Palantir Technologies during the second quarter worth $248,000. Beacon Capital Management LLC grew its position in Palantir Technologies by 38.2% in the second quarter. Beacon Capital Management LLC now owns 2,546 shares of the company’s stock valued at $347,000 after acquiring an additional 704 shares during the last quarter. Tritonpoint Wealth LLC lifted its stake in Palantir Technologies by 2.3% in the second quarter. Tritonpoint Wealth LLC now owns 7,810 shares of the company’s stock valued at $1,065,000 after buying an additional 176 shares during the period. Finally, Coastline Trust Co increased its holdings in Palantir Technologies by 560.6% in the 2nd quarter. Coastline Trust Co now owns 18,438 shares of the company’s stock worth $2,513,000 after acquiring an additional 15,647 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLTR shares. UBS Group reissued a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and upped their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $140.22.

Palantir Technologies Stock Down 0.9%

Shares of NASDAQ:PLTR opened at $177.57 on Friday. The company has a market cap of $421.26 billion, a price-to-earnings ratio of 591.92, a PEG ratio of 9.91 and a beta of 2.59. The business has a 50 day moving average price of $166.16 and a 200 day moving average price of $133.63. Palantir Technologies Inc. has a twelve month low of $36.05 and a twelve month high of $190.00.

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

Insider Buying and Selling

In other news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock worth $250,524,804 in the last 90 days. 9.23% of the stock is owned by insiders.

About Palantir Technologies

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.