Palantir Technologies Inc. $PLTR Shares Bought by Accel Wealth Management

Key Points

• Accel Wealth Management increased its shareholding in Palantir Technologies by 13.3% in Q2, bringing its total ownership to 13,091 shares valued at approximately $1.8 million.
• Institutional investors now own 45.65% of Palantir Technologies, indicating strong interest from the investment community.
• Palantir reported a quarterly EPS of $0.16, exceeding analysts' expectations, along with a notable revenue increase of 48% year-over-year.

Accel Wealth Management lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,091 shares of the company's stock after buying an additional 1,541 shares during the period. Accel Wealth Management's holdings in Palantir Technologies were worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Christensen King & Associates Investment Services Inc. increased its holdings in shares of Palantir Technologies by 1.3% during the 2nd 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 last quarter. McGlone Suttner Wealth Management Inc. increased its holdings in shares of Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock worth $1,007,000 after buying an additional 73 shares during the last quarter. Farmers & Merchants Investments Inc. increased its holdings 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 worth $329,000 after buying an additional 80 shares during the last quarter. Oxinas Partners Wealth Management LLC increased its holdings in shares of Palantir Technologies by 2.7% during the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company's stock worth $410,000 after buying an additional 80 shares during the last quarter. Finally, Optima Capital LLC increased its holdings in shares of Palantir Technologies by 0.6% during the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company's stock worth $1,066,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity

In related news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on 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 sale, the insider owned 702,786 shares in the company, valued at $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. Insiders sold 1,591,085 shares of company stock worth $244,676,722 over the last three months. Company insiders own 9.23% of the company's stock.

Palantir Technologies Trading Down 7.5%

Palantir Technologies stock opened at $173.07 on Friday. The stock has a market cap of $410.58 billion, a P/E ratio of 576.92, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The company has a fifty day simple moving average of $168.90 and a 200-day simple moving average of $136.98. Palantir Technologies Inc. has a 12-month low of $38.78 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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 previous year, the company earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent analyst reports. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Bank of America lifted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Mizuho set a $165.00 target price on shares of Palantir Technologies in a report on Monday, September 15th. Finally, Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average 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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