WMG Financial Advisors LLC Boosts Stock Position in Palantir Technologies Inc. $PLTR

WMG Financial Advisors LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 15.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,794 shares of the company’s stock after buying an additional 503 shares during the quarter. WMG Financial Advisors LLC’s holdings in Palantir Technologies were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Stiles Financial Services Inc boosted its stake in Palantir Technologies by 17.2% during the second quarter. Stiles Financial Services Inc now owns 3,141 shares of the company’s stock worth $428,000 after buying an additional 461 shares during the period. McKinley Carter Wealth Services Inc. purchased a new position in Palantir Technologies during the second quarter worth $234,000. Argyle Capital Management LLC purchased a new position in Palantir Technologies during the second quarter worth $273,000. Moseley Investment Management Inc. boosted its stake in Palantir Technologies by 1.5% during the second quarter. Moseley Investment Management Inc. now owns 27,880 shares of the company’s stock worth $3,801,000 after buying an additional 407 shares during the period. Finally, KRS Capital Management LLC boosted its stake in Palantir Technologies by 7.9% during the second quarter. KRS Capital Management LLC now owns 10,398 shares of the company’s stock worth $1,417,000 after buying an additional 760 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Up 1.0%

Shares of PLTR opened at $185.47 on Friday. The firm has a market capitalization of $440.00 billion, a P/E ratio of 618.25, a P/E/G ratio of 9.95 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $40.36 and a 12-month high of $190.00. The firm has a fifty day moving average price of $170.89 and a 200-day moving average price of $139.18.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm’s quarterly revenue was up 48.0% on a year-over-year basis. 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. Analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on PLTR. Deutsche Bank Aktiengesellschaft raised shares of 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 research note on Tuesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. UBS Group reissued a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $140.22.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated 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 sale, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock valued at $244,714,146 over the last three months. 9.23% of the stock is currently owned by corporate insiders.

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.