Palantir Technologies Inc. $PLTR Shares Purchased by Accel Wealth Management

Accel Wealth Management increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 13.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,091 shares of the company’s stock after acquiring an additional 1,541 shares during the quarter. Accel Wealth Management’s holdings in Palantir Technologies were worth $1,785,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Checchi Capital Advisers LLC increased its stake in Palantir Technologies by 18.5% in the second quarter. Checchi Capital Advisers LLC now owns 4,386 shares of the company’s stock valued at $598,000 after purchasing an additional 686 shares during the period. Diligent Investors LLC increased its stake in Palantir Technologies by 4.7% in the second quarter. Diligent Investors LLC now owns 10,257 shares of the company’s stock valued at $1,398,000 after purchasing an additional 458 shares during the period. Willner & Heller LLC increased its stake in Palantir Technologies by 50.9% in the second quarter. Willner & Heller LLC now owns 8,956 shares of the company’s stock valued at $1,221,000 after purchasing an additional 3,020 shares during the period. Signature Wealth Management Partners LLC increased its stake in Palantir Technologies by 24.3% in the second quarter. Signature Wealth Management Partners LLC now owns 4,946 shares of the company’s stock valued at $674,000 after purchasing an additional 966 shares during the period. Finally, Wells Trecaso Financial Group LLC acquired a new position in Palantir Technologies in the second quarter valued at $239,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $173.07 on Friday. Palantir Technologies Inc. has a 12-month low of $38.78 and a 12-month high of $190.00. The company has a market capitalization of $410.58 billion, a PE ratio of 576.92, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The firm’s 50-day moving average is $168.90 and its two-hundred day moving average is $136.98.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter 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. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. UBS Group restated a “neutral” rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their price objective 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. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $140.22.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the transaction, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the transaction, the director directly owned 50,794 shares in the company, valued at $9,021,014.40. The trade was a 15.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,591,085 shares of company stock valued at $244,676,722. 9.23% of the stock is owned by company 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.