WJ Wealth Management LLC Invests $431,000 in Palantir Technologies Inc. $PLTR

Key Points

• WJ Wealth Management LLC has invested approximately $431,000 in Palantir Technologies Inc. by purchasing 3,164 shares in the 2nd quarter.
• Palantir Technologies reported a 48% year-over-year revenue increase, with quarterly earnings of $1 billion and an EPS of $0.16, surpassing analyst expectations.
• Analysts have set varying price targets for Palantir, with Bank of America raising its target from $180 to $215, indicating a consensus rating of "Hold" among equity analysts.

WJ Wealth Management LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,164 shares of the company's stock, valued at approximately $431,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ignite Planners LLC grew its holdings in shares of Palantir Technologies by 0.4% during the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company's stock worth $2,094,000 after purchasing an additional 66 shares during the period. Christensen King & Associates Investment Services Inc. grew its holdings in shares of Palantir Technologies by 1.3% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock worth $747,000 after purchasing an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock worth $1,007,000 after purchasing an additional 73 shares during the period. Boomfish Wealth Group LLC grew its holdings in shares of Palantir Technologies by 2.7% during the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company's stock worth $379,000 after purchasing an additional 73 shares during the period. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of Palantir Technologies by 3.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock worth $329,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Down 0.1%

Shares of PLTR opened at $179.62 on Thursday. The business's 50 day moving average is $171.78 and its two-hundred day moving average is $141.58. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00. The firm has a market cap of $426.12 billion, a price-to-earnings ratio of 598.75, a PEG ratio of 9.72 and a beta of 2.60.

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 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 company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the company posted $0.09 EPS. Palantir Technologies'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, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Bank of America boosted their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday, September 15th. Finally, Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $141.28.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock worth $239,713,896 over the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

About Palantir Technologies

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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