1,495 Shares in Palantir Technologies Inc. $PLTR Purchased by Presilium Private Wealth LLC

Key Points

• Presilium Private Wealth LLC acquired 1,495 shares of Palantir Technologies Inc., valued at approximately $204,000, in the second quarter, reflecting increased interest from institutional investors.
• Insider trades included a significant sale of 1,591,085 shares by company insiders in the last quarter, totaling roughly $244.7 million, indicating possible profit-taking.
• Several brokerages have altered their ratings and price targets for Palantir, with a consensus target price of $140.22 and various ratings ranging from "Buy" to "Sell."

Presilium Private Wealth LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,495 shares of the company's stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLTR. Bill Few Associates Inc. bought a new position in shares of Palantir Technologies during the second quarter valued at approximately $248,000. Ellis Investment Partners LLC acquired a new stake in Palantir Technologies in the second quarter worth about $249,000. Yarger Wealth Strategies LLC grew its position in Palantir Technologies by 13.7% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 3,129 shares of the company's stock worth $427,000 after purchasing an additional 377 shares during the last quarter. Retirement Planning Group LLC NY acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $231,000. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of Palantir Technologies in the second quarter worth about $312,000. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the sale, the director owned 62,087 shares of the company's stock, valued at $11,572,395.93. The trade was a 1.27% decrease in their position. The sale 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 company's stock in a transaction on 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 sale, the insider directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock worth $244,714,146 in the last quarter. 12.93% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on PLTR. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a report on Wednesday, October 8th. UBS Group reiterated a "neutral" rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and raised their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $175.44 on Monday. Palantir Technologies Inc. has a 1-year low of $40.36 and a 1-year high of $190.00. The company has a market cap of $416.20 billion, a price-to-earnings ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60. The stock has a 50 day simple moving average of $171.32 and a 200-day simple moving average of $140.40.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during 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%. The firm's revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate 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.

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