McKinley Carter Wealth Services Inc. Buys Shares of 1,717 Palantir Technologies Inc. $PLTR

McKinley Carter Wealth Services Inc. bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,717 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PLTR. Ignite Planners LLC raised its position in shares of Palantir Technologies by 0.4% in the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock worth $2,094,000 after acquiring an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. raised its position in shares of 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 worth $747,000 after acquiring an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its position in shares of Palantir Technologies by 1.0% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock worth $1,007,000 after acquiring an additional 73 shares in the last quarter. Boomfish Wealth Group LLC raised its position in shares of Palantir Technologies by 2.7% in the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock worth $379,000 after acquiring an additional 73 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its position in shares of Palantir Technologies by 3.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company’s stock worth $329,000 after acquiring an additional 80 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were 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 in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,591,085 shares of company stock worth $244,714,146. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $175.44 on Friday. The business’s 50-day simple moving average is $171.32 and its two-hundred day simple moving average is $139.72. The company has a market cap of $416.20 billion, a PE ratio of 584.82, a PEG ratio of 10.05 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

PLTR has been the subject of several recent research reports. Cantor Fitzgerald boosted their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group boosted 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. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and boosted their target price for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. UBS Group restated a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. 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 company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $140.22.

Palantir Technologies 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.