Pinnacle Wealth Planning Services Inc. Purchases 2,425 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Pinnacle Wealth Planning Services Inc. increased its holdings in Palantir Technologies by 87.4% in Q1, acquiring an additional 2,425 shares, bringing their total ownership to 5,200 shares valued at approximately $439,000.
• Institutional investors currently own 45.65% of Palantir's stock, with significant positions taken by firms like Nuveen LLC and Price T Rowe Associates.
• Analysts have mixed opinions on Palantir, with a consensus rating of "Hold" and various price targets ranging from $45.00 to $200.00, reflecting differing forecasts on the company's performance.

Pinnacle Wealth Planning Services Inc. raised its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 87.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,200 shares of the company's stock after acquiring an additional 2,425 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Palantir Technologies were worth $439,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PLTR. Nuveen LLC purchased a new position in shares of Palantir Technologies in the first quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD lifted its position in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after purchasing an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the period. Invesco Ltd. lifted its position in shares of Palantir Technologies by 20.3% in the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares during the period. Finally, Clear Street Derivatives LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter worth about $216,953,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

PLTR has been the subject of several research analyst reports. Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $136.61.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 8,047 shares of Palantir Technologies stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $1,253,320.25. Following the transaction, the insider owned 474,399 shares in the company, valued at $73,887,644.25. This represents a 1.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,906,783 shares of company stock valued at $282,471,442 in the last quarter. Insiders own 12.93% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR stock traded up $0.38 during trading hours on Tuesday, reaching $157.09. The company had a trading volume of 65,275,079 shares, compared to its average volume of 91,396,188. The business has a fifty day moving average price of $155.80 and a 200-day moving average price of $123.74. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The firm has a market cap of $372.67 billion, a PE ratio of 523.65, a price-to-earnings-growth ratio of 8.83 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the business posted $0.09 earnings per share. The business'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. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS 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.