Insight Wealth Partners LLC Acquires Shares of 2,586 Palantir Technologies Inc. $PLTR

Key Points

• Insight Wealth Partners LLC has acquired a new position in Palantir Technologies Inc., purchasing 2,586 shares valued at approximately $218,000 during the first quarter.
• Various institutional investors, including Revolve Wealth Partners and Schonfeld Strategic Advisors, have also made significant investments in Palantir, with a combined increase in holdings totaling millions.
• Equities analysts have set new price targets for Palantir Technologies, with a consensus average price target of $136.61 and a mixed rating of four "Buy," sixteen "Hold," and two "Sell."

Insight Wealth Partners LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,586 shares of the company's stock, valued at approximately $218,000.

Several other hedge funds have also added to or reduced their stakes in the business. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the first quarter worth about $27,000. Cornerstone Planning Group LLC raised its stake in Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after acquiring an additional 185 shares during the last quarter. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $33,000. Finally, Atlantic Edge Private Wealth Management LLC boosted its stake in Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Bank of America lifted their price target on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a 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 note on Tuesday, August 5th. The Goldman Sachs Group boosted their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Stock Up 0.2%

Shares of NASDAQ:PLTR traded up $0.38 during trading on Tuesday, reaching $157.09. 65,080,870 shares of the company's stock traded hands, compared to its average volume of 91,394,445. Palantir Technologies Inc. has a fifty-two week low of $29.31 and a fifty-two week high of $190.00. The company has a 50-day simple moving average of $155.80 and a 200-day simple moving average of $123.74. The firm has a market cap of $372.67 billion, a PE ratio of 523.65, a P/E/G ratio of 8.83 and a beta of 2.59.

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

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the completion of the transaction, the insider directly owned 363,755 shares in the company, valued at $49,219,689.05. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,906,783 shares of company stock worth $282,471,442. 12.93% of the stock is owned by company insiders.

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.