Yukon Wealth Management Inc. Purchases 713 Shares of Palantir Technologies Inc. $PLTR

Yukon Wealth Management Inc. raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 5.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 13,245 shares of the company’s stock after buying an additional 713 shares during the period. Yukon Wealth Management Inc.’s holdings in Palantir Technologies were worth $1,806,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after buying an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Palantir Technologies in the 2nd quarter valued at $2,543,888,000. Invesco Ltd. boosted its position in Palantir Technologies by 20.3% in the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after buying an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after buying an additional 4,221,392 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock valued at $1,149,055,000 after buying an additional 571,544 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares in the company, valued at $8,000,877. The trade was a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,557,750 shares of company stock valued at $239,713,896. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Citigroup reaffirmed a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler lifted their price objective on Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Loop Capital lifted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $141.28.

Palantir Technologies Trading Up 2.3%

NASDAQ:PLTR opened at $184.63 on Monday. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00. The stock has a market cap of $438.01 billion, a price-to-earnings ratio of 615.45, a PEG ratio of 10.01 and a beta of 2.60. The stock has a 50-day moving average price of $171.35 and a two-hundred day moving average price of $147.20.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The company’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. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies Company 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.