2,513 Shares in Palantir Technologies Inc. $PLTR Purchased by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,513 shares of the company's stock, valued at approximately $212,000.

Other hedge funds have also bought and sold shares of the company. Mechanics Financial Corp acquired a new position in Palantir Technologies in the first quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the first quarter worth about $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the first quarter worth about $27,000. Richardson Capital Management LLC acquired a new position in Palantir Technologies in the first quarter worth about $33,000. Finally, Cornerstone Planning Group LLC grew its stake in Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on PLTR. 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. UBS Group reissued a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Citigroup reissued a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $136.61.

Palantir Technologies Stock Up 0.2%

Shares of NASDAQ PLTR opened at $157.09 on Wednesday. The firm's 50-day moving average price is $156.07 and its two-hundred day moving average price is $123.98. Palantir Technologies Inc. has a 52-week low of $29.31 and a 52-week high of $190.00. The stock has a market capitalization of $372.67 billion, a P/E ratio of 523.65, a P/E/G ratio of 8.83 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results 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 analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business'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 posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 9,211 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $1,434,613.25. Following the sale, the insider owned 343,518 shares of the company's stock, valued at approximately $53,502,928.50. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 8,047 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $1,253,320.25. Following the sale, the insider directly owned 474,399 shares in the company, valued at approximately $73,887,644.25. This trade represents a 1.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,906,783 shares of company stock valued at $282,471,442. 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.

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