Palantir Technologies Inc. $PLTR Shares Purchased by Liberty Wealth Management LLC

Liberty Wealth Management LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 20.2% in the second quarter, Holdings Channel.com reports. The fund owned 6,546 shares of the company’s stock after buying an additional 1,101 shares during the quarter. Liberty Wealth Management LLC’s holdings in Palantir Technologies were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of PLTR. AustralianSuper Pty Ltd acquired a new stake in shares of Palantir Technologies during the second quarter worth about $51,455,000. Teacher Retirement System of Texas grew its stake in Palantir Technologies by 8.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 805,547 shares of the company’s stock worth $109,812,000 after buying an additional 60,503 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Palantir Technologies during the second quarter worth approximately $7,672,000. Transcend Capital Advisors LLC lifted its stake in Palantir Technologies by 76.0% in the second quarter. Transcend Capital Advisors LLC now owns 8,087 shares of the company’s stock valued at $1,102,000 after buying an additional 3,492 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Palantir Technologies by 23.7% in the second quarter. Bessemer Group Inc. now owns 31,432 shares of the company’s stock valued at $4,284,000 after acquiring an additional 6,018 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at $89,611.04. This trade represents a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last three months. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 2.3%

NASDAQ PLTR opened at $184.63 on Monday. The stock has a market capitalization of $438.01 billion, a P/E ratio of 615.45, a P/E/G ratio of 10.01 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $190.00. The firm has a 50-day moving average price of $171.35 and a 200 day moving average price of $147.20.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.75% and a net margin of 22.18%.The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PLTR shares. Cantor Fitzgerald lifted their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Loop Capital upped their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research note on Monday, September 15th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Five equities 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, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $141.28.

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.