Precision Wealth Strategies LLC Takes $2.14 Million Position in Palantir Technologies Inc. $PLTR

Key Points

• Precision Wealth Strategies LLC acquired a stake in Palantir Technologies valued at approximately $2.14 million by purchasing 15,674 shares in the second quarter, as reported in a SEC filing.
• Insider Shyam Sankar recently sold 375,000 shares for approximately $56.7 million, reducing his ownership by 34.79% to 702,786 shares.
• Palantir reported a 48% increase in quarterly revenue year-over-year, totaling $1 billion, and beat earnings estimates with $0.16 earnings per share against a consensus of $0.14.

Precision Wealth Strategies LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,674 shares of the company's stock, valued at approximately $2,137,000.

A number of other large investors also recently modified their holdings of PLTR. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $450,000. Bison Wealth LLC lifted its holdings in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares in the last quarter. NBC Securities Inc. increased its position in shares of Palantir Technologies by 84,775.0% during the first quarter. NBC Securities Inc. now owns 3,395 shares of the company's stock valued at $286,000 after acquiring an additional 3,391 shares during the last quarter. Capital Asset Advisory Services LLC increased its position in shares of Palantir Technologies by 13.7% during the first quarter. Capital Asset Advisory Services LLC now owns 5,503 shares of the company's stock valued at $481,000 after acquiring an additional 665 shares during the last quarter. Finally, RFG Advisory LLC increased its position in shares of Palantir Technologies by 74.7% during the first quarter. RFG Advisory LLC now owns 18,107 shares of the company's stock valued at $1,528,000 after acquiring an additional 7,742 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider owned 592 shares of the company's stock, valued at approximately $89,611.04. The trade was a 99.69% 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 valued at $244,676,722 over the last 90 days. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $184.95 on Thursday. The stock has a market cap of $438.76 billion, a PE ratio of 616.52, a price-to-earnings-growth ratio of 10.18 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $36.15 and a fifty-two week high of $190.00. The stock has a fifty day moving average of $167.97 and a 200-day moving average of $135.33.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm's quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group increased their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Cantor Fitzgerald increased their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Loop Capital increased their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Citigroup reaffirmed a "neutral" rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $140.22.

About Palantir Technologies

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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