Palantir Technologies Inc. $PLTR Position Increased by Tempus Wealth Planning LLC

Key Points

• Tempus Wealth Planning LLC increased its holdings in Palantir Technologies by 126.4% in Q2, owning 7,958 shares worth approximately $1,085,000.
• A variety of institutional investors, including Western Financial Corp CA and LVW Advisors LLC, also raised their stakes in Palantir during the second quarter, indicating strong interest from financial institutions.
• Recent analyst ratings have suggested a consensus of Hold on Palantir stock, with price targets ranging from $140.22 to $215.00, reflecting varied expectations for the company's stock performance.

Tempus Wealth Planning LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 126.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,958 shares of the company's stock after purchasing an additional 4,443 shares during the quarter. Tempus Wealth Planning LLC's holdings in Palantir Technologies were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Western Financial Corp CA grew its position in Palantir Technologies by 26.6% in the 2nd quarter. Western Financial Corp CA now owns 37,882 shares of the company's stock worth $5,164,000 after purchasing an additional 7,971 shares during the last quarter. LVW Advisors LLC grew its holdings in shares of Palantir Technologies by 63.2% during the second quarter. LVW Advisors LLC now owns 18,359 shares of the company's stock worth $2,503,000 after purchasing an additional 7,109 shares during the last quarter. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the 2nd quarter worth approximately $25,000. US Asset Management LLC acquired a new position in Palantir Technologies during the 2nd quarter valued at about $293,000. Finally, Independent Wealth Network Inc. increased its holdings in Palantir Technologies by 3.3% in the second quarter. Independent Wealth Network Inc. now owns 22,583 shares of the company's stock valued at $3,078,000 after purchasing an additional 718 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of several research analyst reports. Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Bank of America upped their target price on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. UBS Group reissued a "neutral" rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 price objective on Palantir Technologies in a report on Tuesday, August 5th. Four investment 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 data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $140.22.

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the firm's stock in a transaction on Thursday, September 18th. The stock was 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 in the company, valued at approximately $9,021,014.40. This trade represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,634,634 shares of company stock worth $250,524,804. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Down 0.9%

Shares of NASDAQ:PLTR opened at $177.57 on Friday. Palantir Technologies Inc. has a 12-month low of $36.05 and a 12-month high of $190.00. The business has a 50 day moving average of $166.16 and a 200-day moving average of $133.63. The stock has a market cap of $421.26 billion, a PE ratio of 591.92, a P/E/G ratio of 9.91 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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 return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period last year, the firm posted $0.09 EPS. The firm's revenue for the quarter 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. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies 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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