Venturi Wealth Management LLC Increases Stock Holdings in Palantir Technologies Inc. $PLTR

Venturi Wealth Management LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.3% in the second quarter, Holdings Channel.com reports. The firm owned 13,112 shares of the company’s stock after buying an additional 1,433 shares during the period. Venturi Wealth Management LLC’s holdings in Palantir Technologies were worth $1,787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mechanics Financial Corp purchased a new position in Palantir Technologies during the 1st quarter valued at $25,000. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter valued at $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the 1st quarter valued at $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were 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 in the company, valued at $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. In the last quarter, insiders sold 1,591,085 shares of company stock worth $244,714,146. Company insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and upped their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $140.22.

Palantir Technologies Trading Up 0.8%

PLTR opened at $183.56 on Thursday. The firm has a market cap of $435.47 billion, a price-to-earnings ratio of 611.89, a PEG ratio of 9.87 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $40.36 and a 12 month high of $190.00. The stock has a fifty day moving average price of $170.35 and a 200-day moving average price of $138.57.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current 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.