Beacon Financial Advisory LLC Acquires 1,610 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Beacon Financial Advisory LLC increased its holdings in Palantir Technologies by 24.3%, acquiring an additional 1,610 shares to reach a total of 8,224 shares worth approximately $1.12 million.
• Palantir reported $1 billion in revenue for the quarter, significantly surpassing analyst estimates of $939.29 million, and achieved an EPS of $0.16, beating forecasts.
• Recent analyst ratings for Palantir show mixed opinions, with five analysts labeling it a Buy and fifteen assigning a Hold rating, while the average price target stands at $140.22.

Beacon Financial Advisory LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 24.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,224 shares of the company's stock after purchasing an additional 1,610 shares during the period. Beacon Financial Advisory LLC's holdings in Palantir Technologies were worth $1,121,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PLTR. Mechanics Financial Corp bought a new position in Palantir Technologies in the first quarter valued at about $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the second quarter valued at about $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the first quarter valued at about $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies in the second quarter valued at about $31,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $173.07 on Friday. The business's 50 day simple moving average is $168.90 and its 200 day simple moving average is $136.98. Palantir Technologies Inc. has a 52-week low of $38.78 and a 52-week high of $190.00. The firm has a market cap of $410.58 billion, a PE ratio of 576.92, a P/E/G ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the firm earned $0.09 EPS. 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 research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group reiterated a "neutral" rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald raised their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada raised their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $140.22.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander C. Karp sold 222,878 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares of the company's stock, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,591,085 shares of company stock valued at $244,676,722. 9.23% of the stock is owned by insiders.

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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