Jackson Wealth Management LLC Has $559,000 Stake in Palantir Technologies Inc. $PLTR

Jackson Wealth Management LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 30.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,097 shares of the company’s stock after selling 1,789 shares during the quarter. Jackson Wealth Management LLC’s holdings in Palantir Technologies were worth $559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies in the first quarter valued at approximately $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies in the first quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $173.07 on Friday. The business has a fifty day moving average price of $168.90 and a two-hundred day moving average price of $136.63. Palantir Technologies Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $190.00. The stock has a market capitalization of $410.58 billion, a PE ratio of 576.92, a PEG ratio of 10.44 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm 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 company’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. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a research report on Tuesday, August 5th. Finally, Bank of America increased 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. Five research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $140.22.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 375,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. 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. Insiders own 9.23% of the company’s stock.

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.