Palantir Technologies Inc. $PLTR Shares Acquired by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management LLC has increased its holdings in Palantir Technologies by 11.1%, reaching a total of 82,728 shares valued at approximately $11.3 million.
• Insider transactions have occurred recently, with significant sales reported, including insider Ryan D. Taylor selling 36,048 shares for over $5.7 million, resulting in a 10.49% decrease in ownership.
• Research firms have adjusted their price targets for Palantir, with estimates ranging from $141.00 to $182.00, while the stock currently has an average rating of "Hold".

Apollon Wealth Management LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,728 shares of the company's stock after acquiring an additional 8,242 shares during the period. Apollon Wealth Management LLC's holdings in Palantir Technologies were worth $11,278,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Ignite Planners LLC increased its holdings in shares of Palantir Technologies by 0.4% in the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company's stock valued at $2,094,000 after purchasing an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. grew its position in Palantir Technologies by 1.3% during the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock worth $747,000 after buying an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. increased its holdings in Palantir Technologies by 1.0% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock valued at $1,007,000 after buying an additional 73 shares in the last quarter. Boomfish Wealth Group LLC increased its holdings in Palantir Technologies by 2.7% in the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company's stock valued at $379,000 after buying an additional 73 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of Palantir Technologies by 3.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock valued at $329,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on 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 sale, the insider owned 307,470 shares of the company's stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction 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 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,591,085 shares of company stock valued at $244,714,146. 9.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on PLTR. Loop Capital upped their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Citigroup reissued a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average price target of $140.22.

Palantir Technologies Stock Down 5.4%

PLTR opened at $175.44 on Friday. The firm has a market cap of $416.20 billion, a P/E ratio of 584.82, a PEG ratio of 10.05 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $40.36 and a 52 week high of $190.00. The business's fifty day simple moving average is $171.32 and its 200 day simple moving average is $139.72.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 10.75% and a net margin of 22.18%.The business's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last year, the company earned $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 expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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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