2,135 Shares in Palantir Technologies Inc. $PLTR Bought by Smith Salley Wealth Management

Smith Salley Wealth Management acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,135 shares of the company’s stock, valued at approximately $291,000.

Other hedge funds have also recently made changes to their positions in the company. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth $25,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth $31,000. Adirondack Trust Co. lifted its stake in shares of Palantir Technologies by 185.0% during the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock worth $39,000 after purchasing an additional 185 shares during the last quarter. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies during the 1st quarter worth $25,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter worth $27,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada upped their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a research note on Tuesday, August 5th. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Finally, Loop Capital increased their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $140.22.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,634,634 shares of company stock valued at $250,524,804. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Down 0.9%

Shares of NASDAQ:PLTR opened at $177.57 on Monday. Palantir Technologies Inc. has a 52-week low of $36.05 and a 52-week high of $190.00. The stock 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 $134.01.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data 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. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same period last year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS 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.