Beacon Financial Advisory LLC Buys 1,610 Shares of Palantir Technologies Inc. $PLTR

Beacon Financial Advisory LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,224 shares of the company’s stock after purchasing an additional 1,610 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Palantir Technologies were worth $1,121,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mechanics Financial Corp bought a new position in shares of Palantir Technologies during the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $31,000. 45.65% of the stock is currently owned by institutional investors.

Insider Activity at Palantir Technologies

In other news, insider Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock worth $244,676,722 in the last three months. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $173.07 on Friday. Palantir Technologies Inc. has a 52 week low of $38.78 and a 52 week high of $190.00. The stock has a market capitalization of $410.58 billion, a P/E ratio of 576.92, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The stock has a fifty day moving average of $168.90 and a 200-day moving average of $136.98.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 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 analysts’ expectations of $939.29 million. During the same quarter in the previous year, the firm earned $0.09 EPS. Palantir Technologies’s revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on PLTR shares. Royal Bank Of Canada lifted their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Piper Sandler set a $182.00 price target on Palantir Technologies in a research note 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $140.22.

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.