Wealthcare Advisory Partners LLC Raises Stock Holdings in Palantir Technologies Inc. $PLTR

Wealthcare Advisory Partners LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 28.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,961 shares of the company's stock after buying an additional 6,770 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Palantir Technologies were worth $4,221,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Christensen King & Associates Investment Services Inc. increased its holdings in Palantir Technologies by 1.3% in the 2nd 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. 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. grew its stake in shares of Palantir Technologies by 3.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock valued at $329,000 after buying an additional 80 shares in the last quarter. Oxinas Partners Wealth Management LLC grew its stake in shares of Palantir Technologies by 2.7% in the second quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company's stock valued at $410,000 after buying an additional 80 shares in the last quarter. Finally, Optima Capital LLC raised its holdings in shares of Palantir Technologies by 0.6% in the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company's stock valued at $1,066,000 after buying an additional 81 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on PLTR. Mizuho set a $165.00 target price on Palantir Technologies in a report on Monday, September 15th. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a research note on Saturday, September 27th. UBS Group restated a "neutral" rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus price target of $140.22.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $173.07 on Monday. Palantir Technologies Inc. has a 1-year low of $38.78 and a 1-year high of $190.00. The stock has a market cap of $410.58 billion, a P/E ratio of 576.92, a P/E/G ratio of 9.66 and a beta of 2.60. The firm has a fifty day moving average price of $168.90 and a 200 day moving average price of $137.33.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 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 during the quarter, compared to analysts' expectations of $939.29 million. During the same period in the prior year, the company earned $0.09 earnings per share. The business'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. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,000 shares of Palantir Technologies 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 transaction, the director directly owned 50,794 shares in the company, valued at approximately $9,021,014.40. This trade represents a 15.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 of the company's stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,676,722 in the last ninety days. 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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