Atlantic Edge Private Wealth Management LLC Increases Holdings in Palantir Technologies Inc. $PLTR

Atlantic Edge Private Wealth Management LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 26.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 505 shares of the company’s stock after buying an additional 105 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Palantir Technologies were worth $69,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truist Financial Corp increased its stake in shares of Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after purchasing an additional 21,809 shares in the last quarter. Presilium Private Wealth LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter worth $204,000. New Century Financial Group LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter worth $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after purchasing an additional 1,135,841 shares in the last quarter. Finally, Synergy Asset Management LLC increased its stake in shares of Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock worth $1,312,000 after purchasing an additional 2,606 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Citigroup reiterated a “neutral” rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies 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 stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Five equities 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $141.28.

Palantir Technologies Stock Up 1.9%

PLTR opened at $181.59 on Tuesday. The firm has a 50-day simple moving average of $171.50 and a two-hundred day simple moving average of $144.42. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week high of $190.00. The company has a market capitalization of $430.79 billion, a PE ratio of 605.32, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating 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 business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The business’s 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. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. This trade represents a 3.35% 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 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 transaction of $5,708,200.80. Following the completion of the sale, the insider directly 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 position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock worth $239,713,896 in the last quarter. Company 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.