Wealthstream Advisors Inc. Makes New Investment in Palantir Technologies Inc. $PLTR

Wealthstream Advisors Inc. bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, HoldingsChannel.com reports. The firm bought 2,347 shares of the company’s stock, valued at approximately $320,000.

A number of other institutional investors also recently bought and sold shares of the company. Ignite Planners LLC boosted its position in Palantir Technologies by 0.4% during the second quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock worth $2,094,000 after purchasing an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. boosted its position in Palantir Technologies by 1.3% during the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock worth $747,000 after purchasing an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in shares of Palantir Technologies by 1.0% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after acquiring an additional 73 shares in the last quarter. Boomfish Wealth Group LLC lifted its position in shares of Palantir Technologies by 2.7% in the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock valued at $379,000 after acquiring an additional 73 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of Palantir Technologies by 3.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company’s stock valued at $329,000 after acquiring an additional 80 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an “equal weight” rating in a research report 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 report on Tuesday, August 5th. Bank of America upped their price objective on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Mizuho set a $165.00 price objective on Palantir Technologies in a research report on Monday, September 15th. Finally, Loop Capital upped their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.28.

Palantir Technologies Trading Up 0.0%

Palantir Technologies stock opened at $178.15 on Friday. The firm has a market capitalization of $422.63 billion, a P/E ratio of 593.85, a PEG ratio of 9.66 and a beta of 2.60. The stock has a fifty day moving average price of $171.52 and a 200 day moving average price of $143.25. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 EPS 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 analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,557,750 shares of company stock valued at $239,713,896. Corporate insiders own 9.23% of the company’s stock.

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.