Topsail Wealth Management LLC Buys New Position in Palantir Technologies Inc. $PLTR

Topsail Wealth Management LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 2,096 shares of the company’s stock, valued at approximately $286,000.

Other hedge funds have also modified their holdings of the company. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the 1st quarter valued at approximately $25,000. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the 2nd quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter valued at approximately $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the 1st quarter valued at approximately $27,000. Finally, Briaud Financial Planning Inc acquired a new stake in Palantir Technologies during the 2nd quarter valued at approximately $27,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 702,786 shares in the company, valued at $106,261,243.20. The trade was a 34.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PLTR shares. Royal Bank Of Canada raised their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Citigroup restated a “neutral” rating and set a $177.00 price objective (up previously from $158.00) 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 raised their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $141.28.

Palantir Technologies Trading Up 2.3%

Shares of PLTR opened at $184.63 on Friday. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week high of $190.00. The firm has a market cap of $438.01 billion, a price-to-earnings ratio of 615.45, a PEG ratio of 10.01 and a beta of 2.60. The stock has a 50 day moving average of $171.35 and a 200-day moving average of $146.82.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’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. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

About Palantir Technologies

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.