Market Street Wealth Management Advisors LLC Invests $202,000 in Palantir Technologies Inc. $PLTR

Market Street Wealth Management Advisors LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,480 shares of the company's stock, valued at approximately $202,000.

A number of other large investors have also added to or reduced their stakes in PLTR. A&I Financial Services LLC purchased a new stake in Palantir Technologies during the second quarter valued at about $273,000. Triumph Capital Management purchased a new position in shares of Palantir Technologies in the 2nd quarter worth about $1,209,000. Byrne Asset Management LLC boosted its holdings in shares of Palantir Technologies by 22.1% in the 2nd quarter. Byrne Asset Management LLC now owns 885 shares of the company's stock worth $121,000 after purchasing an additional 160 shares in the last quarter. Clarus Wealth Advisors increased its holdings in shares of Palantir Technologies by 4.1% in the second quarter. Clarus Wealth Advisors now owns 17,058 shares of the company's stock worth $2,383,000 after buying an additional 667 shares during the period. Finally, Key Client Fiduciary Advisors LLC increased its holdings in shares of Palantir Technologies by 12.9% in the second quarter. Key Client Fiduciary Advisors LLC now owns 9,538 shares of the company's stock worth $1,300,000 after buying an additional 1,089 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 0.1%

PLTR stock opened at $171.21 on Tuesday. The company's 50-day simple moving average is $160.71 and its 200-day simple moving average is $128.03. Palantir Technologies Inc. has a 52-week low of $35.56 and a 52-week high of $190.00. The firm has a market cap of $406.17 billion, a P/E ratio of 570.72, a PEG ratio of 9.66 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business 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 company's revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PLTR. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Bank of America boosted their price objective on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Loop Capital raised their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, Royal Bank Of Canada raised their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $138.28.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction dated 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 completion of the sale, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,625,634 shares of company stock valued at $248,926,404. Corporate insiders own 9.23% of the company's stock.

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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