Ullmann Wealth Partners Group LLC Purchases New Shares in Palantir Technologies Inc. $PLTR

Key Points

• Ullmann Wealth Partners Group LLC has made a new investment in Palantir Technologies, acquiring 2,093 shares valued at approximately $285,000 in Q2.
• Palantir reported a strong quarterly performance with $1 billion in revenue and $0.16 EPS, exceeding analysts' expectations.
• Insiders have sold a significant amount of stock recently, with over 1.6 million shares sold in the last three months, indicating possible shifts in insider confidence.

Ullmann Wealth Partners Group LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,093 shares of the company's stock, valued at approximately $285,000.

A number of other large investors have also recently made changes to their positions in PLTR. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies during the 1st quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at about $27,000. 1248 Management LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at about $27,000. Family Legacy Financial Solutions LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at about $31,000. Finally, Richardson Capital Management LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at about $33,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PLTR shares. Royal Bank Of Canada upped their price target 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. Loop Capital upped their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average price target of $140.22.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the completion of the sale, the director owned 50,794 shares in the company, valued at $9,021,014.40. The trade was a 15.05% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,634,634 shares of company stock valued at $250,524,804. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

Palantir Technologies stock traded up $0.51 during mid-day trading on Tuesday, reaching $179.84. 42,061,269 shares of the company traded hands, compared to its average volume of 88,709,367. Palantir Technologies Inc. has a fifty-two week low of $36.05 and a fifty-two week high of $190.00. The company has a market capitalization of $426.65 billion, a price-to-earnings ratio of 599.69, a price-to-earnings-growth ratio of 10.28 and a beta of 2.59. The firm's fifty day moving average is $163.92 and its two-hundred day moving average is $131.20.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the prior year, the business posted $0.09 EPS. Palantir Technologies's revenue for the quarter was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share 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.