Aaron Wealth Advisors LLC Raises Position in Palantir Technologies Inc. $PLTR

Key Points

• Aaron Wealth Advisors LLC increased its stake in Palantir Technologies by 14.1% during the 2nd quarter, holding 12,475 shares worth approximately $1.7 million.
• Insiders sold a total of 1.6 million shares of Palantir Technologies over the last ninety days, with notable sales including 375,000 shares sold by insider Shyam Sankar.
• Palantir reported a revenue of $1 billion in its latest quarterly earnings, surpassing estimates, with a year-over-year revenue increase of 48%.

Aaron Wealth Advisors LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,475 shares of the company's stock after buying an additional 1,544 shares during the period. Aaron Wealth Advisors LLC's holdings in Palantir Technologies were worth $1,701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock valued at $984,786,000 after buying an additional 1,135,841 shares during the period. Fox Hill Wealth Management raised its holdings in shares of Palantir Technologies by 5.9% in the 2nd quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock valued at $5,653,000 after purchasing an additional 2,325 shares in the last quarter. Bank of New Hampshire raised its holdings in shares of Palantir Technologies by 11.4% in the 2nd quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock valued at $2,705,000 after purchasing an additional 2,023 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Palantir Technologies by 15.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock valued at $4,191,000 after purchasing an additional 6,479 shares in the last quarter. Finally, Garrison Bradford & Associates Inc. acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Activity

In related news, insider Shyam Sankar sold 375,000 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 of the company's stock, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,625,634 shares of company stock valued at $248,926,404 in the last ninety days. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PLTR shares. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Loop Capital lifted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price target for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $138.28.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $170.26 on Wednesday. Palantir Technologies Inc. has a one year low of $35.71 and a one year high of $190.00. The company has a 50 day moving average price of $161.32 and a 200 day moving average price of $128.32. The firm has a market capitalization of $403.91 billion, a price-to-earnings ratio of 567.55, a price-to-earnings-growth ratio of 9.65 and a beta of 2.59.

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. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. Palantir Technologies'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. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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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