Jackson Thornton Wealth Management LLC Makes New Investment in Palantir Technologies Inc. $PLTR

Jackson Thornton Wealth Management LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,977 shares of the company’s stock, valued at approximately $276,000.

Other hedge funds have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies in the second quarter worth $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at $28,000. Family Legacy Financial Solutions LLC bought a new stake in Palantir Technologies in the 2nd quarter worth about $31,000. Tradewinds Capital Management LLC increased its holdings in Palantir Technologies by 147.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock worth $32,000 after buying an additional 140 shares in the last quarter. Finally, Adirondack Trust Co. increased its holdings in Palantir Technologies by 185.0% in the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock worth $39,000 after buying an additional 185 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Up 1.9%

NASDAQ PLTR opened at $181.59 on Tuesday. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week high of $190.00. The firm has a market capitalization of $430.79 billion, a P/E ratio of 605.32, a PEG ratio of 9.66 and a beta of 2.60. The company has a 50-day moving average price of $171.50 and a 200-day moving average price of $144.42.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $939.29 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

PLTR has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. 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 report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $141.28.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. 12.93% of the stock is currently owned by corporate insiders.

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.