Gilliland Jeter Wealth Management LLC Takes Position in Palantir Technologies Inc. $PLTR

Key Points

• Gilliland Jeter Wealth Management LLC acquired a new stake in Palantir Technologies, purchasing 2,268 shares valued at approximately $309,000 in the second quarter.
• A significant portion of Palantir Technologies' stock, 45.65%, is currently owned by institutional investors, indicating strong market interest in the company.
• Palantir reported a revenue increase of 48.0% year-over-year, achieving $1 billion in quarterly revenue, surpassing analyst estimates.

Gilliland Jeter Wealth Management LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,268 shares of the company's stock, valued at approximately $309,000.

A number of other large investors also recently modified their holdings of the company. Pinion Investment Advisors LLC boosted its position in shares of Palantir Technologies by 5.1% in the second quarter. Pinion Investment Advisors LLC now owns 3,473 shares of the company's stock valued at $473,000 after acquiring an additional 168 shares during the period. WMG Financial Advisors LLC boosted its position in shares of Palantir Technologies by 15.3% in the second quarter. WMG Financial Advisors LLC now owns 3,794 shares of the company's stock valued at $517,000 after acquiring an additional 503 shares during the period. Stiles Financial Services Inc boosted its position in shares of Palantir Technologies by 17.2% in the second quarter. Stiles Financial Services Inc now owns 3,141 shares of the company's stock valued at $428,000 after acquiring an additional 461 shares during the period. McKinley Carter Wealth Services Inc. bought a new position in shares of Palantir Technologies in the second quarter valued at approximately $234,000. Finally, Argyle Capital Management LLC bought a new position in shares of Palantir Technologies in the second quarter valued at approximately $273,000. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research report on Monday, September 15th. UBS Group reiterated a "neutral" rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Loop Capital lifted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Stock Performance

Shares of PLTR opened at $185.47 on Friday. The firm has a market cap of $440.00 billion, a price-to-earnings ratio of 618.25, a PEG ratio of 9.95 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $190.00. The firm has a 50 day moving average price of $170.89 and a 200-day moving average price of $139.18.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion during 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 quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. 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 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the transaction, the director directly owned 62,087 shares of the company's stock, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock worth $244,714,146 over the last ninety days. Insiders own 9.23% 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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