Private Wealth Management Group LLC Has $7.59 Million Stock Position in Palantir Technologies Inc. $PLTR

Private Wealth Management Group LLC decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,705 shares of the company’s stock after selling 3,732 shares during the period. Palantir Technologies accounts for approximately 2.5% of Private Wealth Management Group LLC’s portfolio, making the stock its 15th biggest position. Private Wealth Management Group LLC’s holdings in Palantir Technologies were worth $7,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PLTR. Truist Financial Corp lifted its position in shares of Palantir Technologies by 4.2% in the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after buying an additional 21,809 shares during the last quarter. Presilium Private Wealth LLC acquired a new stake in shares of Palantir Technologies in the second quarter worth about $204,000. New Century Financial Group LLC acquired a new stake in shares of Palantir Technologies in the second quarter worth about $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Palantir Technologies by 10.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after buying an additional 1,135,841 shares during the last quarter. Finally, Synergy Asset Management LLC lifted its position in shares of Palantir Technologies by 37.1% in the second quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock worth $1,312,000 after buying an additional 2,606 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PLTR. Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday, September 15th. UBS Group reaffirmed a “neutral” rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Piper Sandler lifted their price objective on Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Five 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. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $141.28.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. The trade was a 34.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the company’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 in the company, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,557,750 shares of company stock worth $239,713,896 over the last ninety days. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Up 0.0%

Shares of PLTR opened at $178.15 on Friday. Palantir Technologies Inc. has a 12-month low of $40.90 and a 12-month high of $190.00. The firm has a market capitalization of $422.63 billion, a price-to-earnings ratio of 593.85, a P/E/G ratio of 9.66 and a beta of 2.60. The stock’s 50-day moving average price is $171.52 and its 200 day moving average price is $142.87.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion for 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 company’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.