Jeppson Wealth Management LLC Makes New $332,000 Investment in Palantir Technologies Inc. $PLTR

Key Points

• Jeppson Wealth Management LLC invested approximately $332,000 in Palantir Technologies during the second quarter, acquiring 2,435 shares.
• Palantir reported earnings of $0.16 per share for the last quarter, exceeding the consensus estimate of $0.14, with revenue growth of 48% year-over-year.
• In recent trading, Palantir shares had a **52-week range** of $36.05 to $190.00, and the company's market cap stands at approximately $425.98 billion.

Jeppson Wealth Management LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,435 shares of the company's stock, valued at approximately $332,000.

A number of other hedge funds have also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 worth $984,786,000 after buying an additional 1,135,841 shares in the last quarter. Golden State Equity Partners raised its holdings in shares of Palantir Technologies by 10.1% in the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock valued at $2,503,000 after acquiring an additional 1,677 shares in the last quarter. Hummer Financial Advisory Services Inc bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $225,000. Bank of New Hampshire boosted its position in shares of Palantir Technologies by 11.4% during the 2nd quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock valued at $2,705,000 after acquiring an additional 2,023 shares during the last quarter. Finally, Fox Hill Wealth Management grew its holdings in shares of Palantir Technologies by 5.9% during the second quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock worth $5,653,000 after purchasing an additional 2,325 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

PLTR stock opened at $179.56 on Thursday. Palantir Technologies Inc. has a 52 week low of $36.05 and a 52 week high of $190.00. The firm's fifty day moving average is $165.17 and its 200 day moving average is $131.89. The firm has a market cap of $425.98 billion, a P/E ratio of 598.55, a P/E/G ratio of 10.29 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping 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 business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm's revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, 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 36,048 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the transaction, the director owned 50,794 shares of the company's stock, valued at approximately $9,021,014.40. This represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,634,634 shares of company stock worth $250,524,804 in the last 90 days. 9.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PLTR shares. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Citigroup reissued a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada increased their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Company Profile

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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