Arkfeld Wealth Strategies L.L.C. Purchases Shares of 2,037 Palantir Technologies Inc. $PLTR

Key Points

• Arkfeld Wealth Strategies L.L.C. purchased 2,037 shares of Palantir Technologies, valued at approximately $283,000, according to their recent SEC filing.
• Palantir Technologies reported $1 billion in revenue for the last quarter, surpassing analyst estimates and indicating a 48% year-over-year revenue growth.
• Analyst ratings for Palantir are mixed, with four buy ratings, sixteen holds, and two sells, along with a consensus price target of $138.28.

Arkfeld Wealth Strategies L.L.C. bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,037 shares of the company's stock, valued at approximately $283,000.

A number of other large investors also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC lifted its position in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $11,655,000. Two Sigma Investments LP raised its position in shares of Palantir Technologies by 132.4% in the 4th quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock valued at $4,166,000 after acquiring an additional 31,383 shares during the period. Finally, Woodline Partners LP acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $9,634,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares of the company's stock, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the firm's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider directly owned 50,961 shares of the company's stock, valued at $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,625,634 shares of company stock worth $248,926,404. 9.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup reissued a "neutral" rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group raised 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. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price target for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Four research 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 data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $138.28.

Palantir Technologies Stock Up 3.1%

Shares of NASDAQ PLTR traded up $5.42 during trading hours on Friday, hitting $182.39. The company had a trading volume of 108,970,930 shares, compared to its average volume of 60,474,068. The stock has a market capitalization of $432.69 billion, a P/E ratio of 607.99, a price-to-earnings-growth ratio of 9.97 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $35.71 and a 1-year high of $190.00. The firm's 50 day moving average is $163.32 and its 200-day moving average is $129.92.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.09 EPS. 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 year.

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.