Palantir Technologies Inc. $PLTR Position Lifted by Meridian Wealth Management LLC

Meridian Wealth Management LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 237.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 77,423 shares of the company’s stock after purchasing an additional 54,510 shares during the period. Meridian Wealth Management LLC’s holdings in Palantir Technologies were worth $10,554,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PLTR. Northern Trust Corp lifted its stake in Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after purchasing an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $2,543,888,000. Invesco Ltd. grew its position in shares of Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after buying an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Palantir Technologies by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock worth $1,149,055,000 after acquiring an additional 571,544 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PLTR shares. Deutsche Bank Aktiengesellschaft upped their target price on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. UBS Group boosted their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Mizuho increased their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Daiwa Capital Markets increased their price objective on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Finally, Northland Securities boosted their price target on Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average price target of $172.28.

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction 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 completion of the sale, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 1.1%

Shares of NASDAQ:PLTR opened at $174.01 on Friday. The company has a market cap of $414.74 billion, a P/E ratio of 414.32, a price-to-earnings-growth ratio of 6.67 and a beta of 2.63. Palantir Technologies Inc. has a 12-month low of $58.85 and a 12-month high of $207.52. The company’s fifty day moving average is $180.47 and its two-hundred day moving average is $156.35.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company earned $0.10 EPS. The firm’s quarterly revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.