Vigilare Wealth Management Grows Position in Palantir Technologies Inc. $PLTR

Key Points

• Vigilare Wealth Management significantly boosted its stake in Palantir Technologies by 267.9% during Q2, raising its holdings to 10,852 shares valued at approximately $1.48 million.
• Palantir Technologies has faced multiple analyst rating changes, with Cantor Fitzgerald increasing the price target to $155 and Royal Bank of Canada setting a lower target of $45, indicating mixed market sentiment.
• The company recently reported Q2 earnings of $1 billion revenue and $0.16 EPS, exceeding estimates and showing a year-over-year revenue increase of 48%.

Vigilare Wealth Management increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 267.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,852 shares of the company's stock after purchasing an additional 7,902 shares during the period. Vigilare Wealth Management's holdings in Palantir Technologies were worth $1,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Christensen King & Associates Investment Services Inc. grew its holdings 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 valued at $747,000 after purchasing an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. grew its holdings 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 valued at $1,007,000 after purchasing an additional 73 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings 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 valued at $329,000 after purchasing an additional 80 shares during the last quarter. Oxinas Partners Wealth Management LLC grew its holdings 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 valued at $410,000 after purchasing an additional 80 shares during the last quarter. Finally, Optima Capital LLC grew its holdings in Palantir Technologies by 0.6% in the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company's stock worth $1,066,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald increased their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and increased their price objective for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average price target of $140.22.

Palantir Technologies Stock Up 2.0%

Shares of NASDAQ:PLTR opened at $182.42 on Wednesday. The company's fifty day moving average is $167.37 and its two-hundred day moving average is $134.98. Palantir Technologies Inc. has a 12-month low of $36.05 and a 12-month high of $190.00. The company 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 (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (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 company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the business earned $0.09 EPS. The company's 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. Equities research analysts anticipate 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 the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock valued at $244,676,722 in the last three months. Company insiders own 12.93% of the company's stock.

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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