Palantir Technologies Inc. $PLTR Shares Purchased by Yarger Wealth Strategies LLC

Yarger Wealth Strategies LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,129 shares of the company’s stock after buying an additional 377 shares during the quarter. Yarger Wealth Strategies LLC’s holdings in Palantir Technologies were worth $427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Kingstone Capital Partners Texas LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at about $2,543,888,000. Nuveen LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD grew its holdings in Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after buying an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. grew its holdings in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after buying an additional 4,221,392 shares during the period. Finally, Amundi grew its holdings in Palantir Technologies by 56.1% in the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after buying an additional 3,815,386 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 5.4%

Palantir Technologies stock opened at $175.44 on Monday. The stock has a market cap of $416.20 billion, a P/E ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. The stock has a 50 day moving average of $171.32 and a 200-day moving average of $140.40. Palantir Technologies Inc. has a 52 week low of $40.36 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business 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 business’s revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Loop Capital boosted 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. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and boosted their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Mizuho set a $165.00 target price on Palantir Technologies in a report on Monday, September 15th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $140.22.

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on 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. This represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the 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 completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $89,611.04. The trade was a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,714,146 over the last 90 days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Company 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.