VCI Wealth Management LLC Purchases 339 Shares of Palantir Technologies Inc. $PLTR

VCI Wealth Management LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,502 shares of the company’s stock after purchasing an additional 339 shares during the quarter. VCI Wealth Management LLC’s holdings in Palantir Technologies were worth $1,159,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Klingman & Associates LLC bought a new stake in Palantir Technologies in the 2nd quarter valued at $481,000. Atlantic Edge Private Wealth Management LLC lifted its position in Palantir Technologies by 26.3% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 505 shares of the company’s stock valued at $69,000 after acquiring an additional 105 shares in the last quarter. Securian Asset Management Inc. lifted its position in Palantir Technologies by 2.5% in the 2nd quarter. Securian Asset Management Inc. now owns 111,212 shares of the company’s stock valued at $15,160,000 after acquiring an additional 2,679 shares in the last quarter. Phoenix Financial Ltd. bought a new stake in Palantir Technologies in the 2nd quarter valued at $2,380,000. Finally, Avidian Wealth Enterprises LLC lifted its position in Palantir Technologies by 15.3% in the 2nd quarter. Avidian Wealth Enterprises LLC now owns 20,457 shares of the company’s stock valued at $2,789,000 after acquiring an additional 2,707 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on PLTR. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price objective for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $141.28.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at $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 sold 1,557,750 shares of company stock worth $239,713,896 over the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $181.59 on Tuesday. The company’s 50-day moving average price is $171.50 and its two-hundred day moving average price is $144.42. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00. The stock 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 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share 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.