Falcon Wealth Planning Buys Shares of 1,609 Palantir Technologies Inc. $PLTR

Key Points

• Falcon Wealth Planning has acquired 1,609 shares of Palantir Technologies Inc., valued at approximately $219,000, during the 2nd quarter of the year.
• Palantir recently reported a net revenue increase of 48.0% year-over-year, with earnings per share of $0.16 for the last quarter, surpassing expectations.
• Research firms have set aggressive price targets on Palantir’s stock, with Bank of America raising its target to $215.00, and multiple analysts rating the stock as "Buy".

Falcon Wealth Planning bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,609 shares of the company's stock, valued at approximately $219,000.

Other large investors have also recently bought and sold shares of the company. Mechanics Financial Corp acquired a new position in Palantir Technologies during the 1st quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies in the 1st quarter worth approximately $27,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies in the second quarter worth about $31,000. Finally, Richardson Capital Management LLC acquired a new position in shares of Palantir Technologies in the first quarter worth about $33,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Down 0.9%

Shares of PLTR stock opened at $177.57 on Friday. The firm has a market capitalization of $421.26 billion, a P/E ratio of 591.92, a price-to-earnings-growth ratio of 9.99 and a beta of 2.59. The firm's fifty day simple moving average is $166.16 and its 200 day simple moving average is $133.28. Palantir Technologies Inc. has a 1 year low of $36.05 and a 1 year high of $190.00.

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

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the business'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 owned 50,961 shares of the company's stock, valued at $8,000,877. The trade was a 5.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction dated 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 completion of the sale, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,634,634 shares of company stock worth $250,524,804. 9.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLTR. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Citigroup restated a "neutral" rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Loop Capital boosted their target price 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. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $140.22.

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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