Inman Jager Wealth Management LLC Boosts Position in Palantir Technologies Inc. $PLTR

Key Points

• Inman Jager Wealth Management LLC increased its investment in Palantir Technologies by 19.3% during Q2, owning a total of 12,048 shares valued at approximately $1.64 million.
• Palantir stock has received various price target adjustments from analysts, with Bank of America raising its target to $215, while the consensus target is set at $140.22.
• In recent insider transactions, company executives sold over 1.5 million shares of Palantir, indicating a decrease in their ownership stake.

Inman Jager Wealth Management LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 19.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,048 shares of the company's stock after purchasing an additional 1,948 shares during the quarter. Palantir Technologies makes up 1.1% of Inman Jager Wealth Management LLC's portfolio, making the stock its 27th biggest holding. Inman Jager Wealth Management LLC's holdings in Palantir Technologies were worth $1,642,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies during the fourth quarter worth $450,000. Bison Wealth LLC boosted its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after purchasing an additional 4,667 shares in the last quarter. GAMMA Investing LLC boosted its position in Palantir Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company's stock worth $1,912,000 after purchasing an additional 9,810 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock worth $4,191,000 after acquiring an additional 6,479 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Palantir Technologies in the first quarter worth $62,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLTR has been the subject of a number of analyst reports. Mizuho set a $165.00 price target on Palantir Technologies in a report on Monday, September 15th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a report on Wednesday. Bank of America boosted their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Finally, Cantor Fitzgerald boosted their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Trading Down 5.4%

Palantir Technologies stock opened at $175.44 on Friday. The firm has a market capitalization of $416.20 billion, a P/E ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60. The stock has a fifty day moving average price of $171.32 and a 200 day moving average price of $140.05. Palantir Technologies Inc. has a 52 week low of $40.36 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, beating the consensus estimate 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 return on equity of 10.75% and a net margin of 22.18%.The business's quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, 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 $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,591,085 shares of company stock valued at $244,714,146. Corporate 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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