Castle Wealth Management LLC Acquires Shares of 1,505 Palantir Technologies Inc. $PLTR

Castle Wealth Management LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,505 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Mechanics Financial Corp acquired a new position in Palantir Technologies in the 1st quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth $28,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PLTR shares. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada boosted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $141.28.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider owned 702,786 shares in the company, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,557,750 shares of company stock valued at $239,713,896 over the last ninety days. Insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR opened at $175.49 on Thursday. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00. The company has a market capitalization of $416.32 billion, a price-to-earnings ratio of 584.99, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60. The business has a 50-day moving average of $171.21 and a 200-day moving average of $144.89.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period last year, the company earned $0.09 earnings per share. The firm’s revenue 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, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.