Worth Financial Advisory Group LLC Buys New Shares in Palantir Technologies Inc. $PLTR

Worth Financial Advisory Group LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,279 shares of the company’s stock, valued at approximately $311,000.

Several other hedge funds have also made changes to their positions in PLTR. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $25,000. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $27,000. 1248 Management LLC purchased a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, 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 transaction of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,634,634 shares of company stock worth $250,524,804 in the last ninety days. Company insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. UBS Group reiterated a “neutral” rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their target price for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Cantor Fitzgerald increased their target price 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, Loop Capital increased their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Four research 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 MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $140.22.

Palantir Technologies Trading Down 0.9%

NASDAQ:PLTR opened at $177.57 on Friday. Palantir Technologies Inc. has a 1 year low of $36.05 and a 1 year high of $190.00. The firm’s fifty day simple moving average is $166.16 and its 200 day simple moving average is $133.63. The firm has a market capitalization of $421.26 billion, a PE ratio of 591.92, a PEG ratio of 9.91 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the firm earned $0.09 EPS. The business’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. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.