CFM Wealth Partners LLC Buys New Stake in Palantir Technologies Inc. $PLTR

Key Points

• CFM Wealth Partners LLC has acquired a new stake in Palantir Technologies, purchasing 1,715 shares valued at approximately $234,000 during the second quarter.
• Palantir Technologies' stock recently traded at $179.53 with a market capitalization of $425.91 billion and has shown a 48% year-over-year revenue growth.
• Analysts have varied ratings on Palantir, with a consensus target price of $140.22, indicating a majority hold rating among analysts alongside several buy ratings.

CFM Wealth Partners LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,715 shares of the company's stock, valued at approximately $234,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its position in Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company's stock valued at $73,204,000 after purchasing an additional 21,809 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Palantir Technologies by 10.8% during the first 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 purchasing an additional 1,135,841 shares during the period. New Century Financial Group LLC acquired a new position in Palantir Technologies during the second quarter valued at $228,000. Synergy Asset Management LLC lifted its position in Palantir Technologies by 37.1% during the second quarter. Synergy Asset Management LLC now owns 9,623 shares of the company's stock valued at $1,312,000 after purchasing an additional 2,606 shares during the period. Finally, Golden State Equity Partners lifted its position in Palantir Technologies by 10.1% during the second quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock valued at $2,503,000 after purchasing an additional 1,677 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of research reports. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Palantir Technologies in a research report on Saturday, September 27th. Loop Capital upped their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Stock Up 3.7%

PLTR stock opened at $179.53 on Tuesday. The stock has a market capitalization of $425.91 billion, a P/E ratio of 598.45, a P/E/G ratio of 9.66 and a beta of 2.60. The firm has a 50-day simple moving average of $169.33 and a 200-day simple moving average of $137.95. Palantir Technologies Inc. has a 52 week low of $38.78 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were 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. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares of the company's stock, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,591,085 shares of company stock valued at $244,676,722. Corporate insiders own 12.93% of the company's stock.

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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