Cassaday & Co Wealth Management LLC Purchases 2,090 Shares of Palantir Technologies Inc. $PLTR

Cassaday & Co Wealth Management LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 16.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,575 shares of the company’s stock after buying an additional 2,090 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Palantir Technologies were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Mechanics Financial Corp bought a new stake in Palantir Technologies during the first quarter worth about $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $27,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies during the second quarter worth approximately $27,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PLTR shares. Bank of America upped their target price on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday. Loop Capital upped their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and set a $205.00 target price on shares of Palantir Technologies in a research report on Tuesday. Finally, The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $150.00.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,527,750 shares of company stock valued at $234,463,896 over the last three months. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

PLTR opened at $207.18 on Tuesday. The firm’s fifty day moving average is $175.75 and its two-hundred day moving average is $151.99. The firm has a market cap of $491.50 billion, a PE ratio of 690.62, a price-to-earnings-growth ratio of 10.87 and a beta of 2.63. Palantir Technologies Inc. has a twelve month low of $41.03 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.