Palantir Technologies Inc. $PLTR Shares Purchased by Tcfg Wealth Management LLC

Key Points

• Tcfg Wealth Management LLC increased its stake in Palantir Technologies by 30.2%, owning 11,242 shares valued at $1.53 million after purchasing additional shares in the second quarter.
• Company insiders, including Stephen Andrew Cohen and David A. Glazer, sold significant portions of their shares, with Cohen's sale representing a 99.69% decrease in their holdings.
• Recent analyst reports have raised price targets for Palantir Technologies, with Bank of America setting a new target of $215.00 and several analysts rating the stock as a hold or buy.

Tcfg Wealth Management LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 30.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,242 shares of the company's stock after purchasing an additional 2,608 shares during the quarter. Tcfg Wealth Management LLC's holdings in Palantir Technologies were worth $1,533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLTR. Christensen King & Associates Investment Services Inc. boosted its holdings in Palantir Technologies by 1.3% in the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock worth $747,000 after acquiring an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. lifted its position in shares of Palantir Technologies by 1.0% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock worth $1,007,000 after purchasing an additional 73 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Palantir Technologies by 3.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock worth $329,000 after purchasing an additional 80 shares in the last quarter. Oxinas Partners Wealth Management LLC boosted its stake in shares of Palantir Technologies by 2.7% in the second quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company's stock valued at $410,000 after purchasing an additional 80 shares during the period. Finally, Optima Capital LLC grew its holdings in Palantir Technologies by 0.6% during the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company's stock valued at $1,066,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares of the company's stock, valued at approximately $89,611.04. The trade was a 99.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,591,085 shares of company stock worth $244,676,722. Company insiders own 12.93% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group increased their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. 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 company's stock. According to MarketBeat, Palantir Technologies presently has an average rating of "Hold" and a consensus price target of $140.22.

Palantir Technologies Trading Up 3.7%

Shares of NASDAQ PLTR opened at $179.53 on Tuesday. Palantir Technologies Inc. has a twelve month low of $38.78 and a twelve month high of $190.00. The company has a market capitalization of $425.91 billion, a price-to-earnings ratio of 598.45, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The business has a 50 day simple moving average of $169.33 and a 200-day simple moving average of $137.95.

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