Trueblood Wealth Management LLC Purchases Shares of 1,475 Palantir Technologies Inc. $PLTR

Key Points

• Trueblood Wealth Management LLC has purchased 1,475 shares of Palantir Technologies, valued at approximately $201,000, during the second quarter.
• Palantir Technologies reported a net margin of 22.18% and a 48% increase in revenue year-over-year, with earnings per share beating estimates.
• Insider sales have increased recently, with over 1.5 million shares sold by corporate insiders in the last three months, indicating a 10.49% decrease in their positions.

Trueblood Wealth Management LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,475 shares of the company's stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mechanics Financial Corp acquired a new position in Palantir Technologies in the first quarter valued at about $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the second quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the first quarter valued at about $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in shares of Palantir Technologies in the second quarter worth about $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $182.17 on Wednesday. Palantir Technologies Inc. has a 52 week low of $39.01 and a 52 week high of $190.00. The company has a market capitalization of $432.17 billion, a PE ratio of 607.25, a PEG ratio of 10.02 and a beta of 2.60. The company has a 50 day moving average price of $169.85 and a two-hundred day moving average price of $138.26.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business's quarterly revenue 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. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director owned 62,087 shares of the company's stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction 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 directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,591,085 shares of company stock valued at $244,714,146. Corporate insiders own 12.93% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on PLTR shares. Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research note on Monday, September 15th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Loop Capital boosted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently 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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