Palantir Technologies Inc. $PLTR Shares Bought by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 30.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,242 shares of the company’s stock after acquiring an additional 2,608 shares during the period. Tcfg Wealth Management LLC’s holdings in Palantir Technologies were worth $1,533,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new position in Palantir Technologies in the 4th quarter worth about $450,000. Bison Wealth LLC boosted 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 buying an additional 4,667 shares during the period. Congress Asset Management Co. bought a new position in Palantir Technologies in the 1st quarter worth approximately $4,989,000. Miracle Mile Advisors LLC grew its holdings in Palantir Technologies by 9.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 17,305 shares of the company’s stock worth $1,461,000 after buying an additional 1,531 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its position in Palantir Technologies by 113.7% in the 1st quarter. SOA Wealth Advisors LLC. now owns 1,496 shares of the company’s stock valued at $126,000 after acquiring an additional 796 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 3.7%

Shares of NASDAQ PLTR opened at $179.53 on Tuesday. Palantir Technologies Inc. has a twelve month low of $38.78 and a twelve month high of $190.00. The firm has a 50-day moving average of $169.33 and a two-hundred day moving average of $137.95. The company has a market capitalization of $425.91 billion, a price-to-earnings ratio of 598.45, a PEG ratio of 9.66 and a beta of 2.60.

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 net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the previous year, the company posted $0.09 EPS. The business’s revenue 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, research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price target for the stock from $80.00 to $160.00 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. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 5th. Citigroup restated a “neutral” rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, UBS Group reiterated a “neutral” rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $140.22.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 375,000 shares of the stock in a transaction 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 sale, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,676,722 in the last three months. Insiders own 12.93% of the company’s stock.

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.