QTR Family Wealth LLC Acquires 3,344 Shares of Palantir Technologies Inc. $PLTR

Key Points

• QTR Family Wealth LLC increased its holdings in Palantir Technologies by 21.3%, acquiring an additional 3,344 shares, bringing its total shares to 19,073 valued at approximately $2.6 million.
• Several analysts raised their price targets for Palantir Technologies, with Deutsche Bank setting a new target of $160 while maintaining a "hold" rating on the stock.
• Palantir's earnings exceeded expectations, reporting $1 billion in revenue for the quarter, representing a 48% year-over-year growth, alongside a net margin of 22.18%.

QTR Family Wealth LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,073 shares of the company's stock after purchasing an additional 3,344 shares during the quarter. Palantir Technologies makes up about 1.6% of QTR Family Wealth LLC's investment portfolio, making the stock its 13th largest position. QTR Family Wealth LLC's holdings in Palantir Technologies were worth $2,600,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PLTR. Christensen King & Associates Investment Services Inc. boosted its position in shares of 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. boosted 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 buying an additional 73 shares during the period. Farmers & Merchants Investments Inc. boosted 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 buying an additional 80 shares during the period. Oxinas Partners Wealth Management LLC boosted its position in shares of Palantir Technologies by 2.7% during the second 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 period. Finally, Optima Capital LLC boosted its position in shares of Palantir Technologies by 0.6% during the first 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 period. Institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and upped their price objective for the stock from $80.00 to $160.00 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. 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. 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. Finally, Piper Sandler set a $182.00 price target on Palantir Technologies in a research report on Tuesday, August 5th. Four 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $140.22.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred 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 represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value of $1,598,400.00. Following the sale, the director directly owned 50,794 shares in the company, valued at $9,021,014.40. This represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock valued at $244,676,722 over the last ninety days. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Trading Up 2.0%

Shares of NASDAQ PLTR opened at $182.42 on Wednesday. The firm has a market cap of $432.76 billion, a P/E ratio of 608.09, a price-to-earnings-growth ratio of 9.98 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $36.05 and a 1-year high of $190.00. The business's 50 day moving average is $167.37 and its 200-day moving average is $134.98.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The company 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 firm's quarterly revenue 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. 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.

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