Venturi Wealth Management LLC Grows Position in Palantir Technologies Inc. $PLTR

Key Points

• Venturi Wealth Management LLC increased its stake in Palantir Technologies by 12.3%, owning a total of 13,112 shares valued at approximately $1.79 million.
• Palantir's stock has garnered a mix of ratings from analysts, with five recommending a Buy and fifteen giving a Hold rating, while the average price target sits at $140.22.
• In the latest quarterly earnings report, Palantir surpassed earnings expectations with $0.16 EPS, and revenue for the quarter reached $1 billion, reflecting a 48% year-over-year growth.

Venturi Wealth Management LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,112 shares of the company's stock after buying an additional 1,433 shares during the period. Venturi Wealth Management LLC's holdings in Palantir Technologies were worth $1,787,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Mechanics Financial Corp purchased a new position in Palantir Technologies in the first quarter worth about $25,000. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies in the first quarter worth about $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies in the first quarter worth 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 owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PLTR shares. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Citigroup reaffirmed a "neutral" rating and issued a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Palantir Technologies in a research note on Wednesday. Finally, UBS Group reaffirmed a "neutral" rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Five 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $140.22.

Palantir Technologies Trading Up 0.8%

Shares of PLTR opened at $183.56 on Thursday. The business's 50 day moving average is $170.35 and its 200 day moving average is $138.57. The company has a market capitalization of $435.47 billion, a PE ratio of 611.89, a price-to-earnings-growth ratio of 9.87 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $40.36 and a 12-month high of $190.00.

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

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value 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. The trade was a 10.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,591,085 shares of company stock worth $244,714,146. Insiders own 9.23% of the company's stock.

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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