Whalen Wealth Management Inc. Takes $233,000 Position in Palantir Technologies Inc. $PLTR

Whalen Wealth Management Inc. bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,709 shares of the company’s stock, valued at approximately $233,000.

A number of other hedge funds have also recently modified their holdings of PLTR. Kingstone Capital Partners Texas LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $2,543,888,000. Nuveen LLC bought a new stake in shares of Palantir Technologies during the 1st quarter valued at $520,232,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after buying an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares in the last quarter. Finally, Amundi boosted its stake in Palantir Technologies by 56.1% in the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after purchasing an additional 3,815,386 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $198.81 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $40.90 and a fifty-two week high of $199.85. The business has a 50-day simple moving average of $173.15 and a two-hundred day simple moving average of $149.36. The firm has a market cap of $471.64 billion, a price-to-earnings ratio of 662.72, a price-to-earnings-growth ratio of 10.28 and a beta of 2.60.

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, research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares of the company’s stock, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the sale, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. Company insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLTR. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Bank of America upped their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Finally, DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $142.00.

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.