Wolff Wiese Magana LLC Has $65,000 Stock Position in Palantir Technologies Inc. $PLTR

Wolff Wiese Magana LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 21.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 480 shares of the company’s stock after purchasing an additional 86 shares during the period. Wolff Wiese Magana LLC’s holdings in Palantir Technologies were worth $65,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Palantir Technologies in the second quarter valued at approximately $2,543,888,000. Nuveen LLC acquired a new position in Palantir Technologies during the first quarter valued at approximately $520,232,000. Price T Rowe Associates Inc. MD raised its position in Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after purchasing an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares in the last quarter. Finally, Amundi raised its position in Palantir Technologies by 56.1% during the first quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after purchasing an additional 3,815,386 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 0.9%

NASDAQ PLTR opened at $177.57 on Monday. The company has a market capitalization of $421.26 billion, a price-to-earnings ratio of 591.92, a PEG ratio of 9.91 and a beta of 2.59. Palantir Technologies Inc. has a twelve month low of $36.05 and a twelve month high of $190.00. The stock has a fifty day simple moving average of $166.16 and a 200 day simple moving average of $134.01.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research analyst reports. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 5th. Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Mizuho set a $165.00 price target on shares of Palantir Technologies in a report on Monday, September 15th. Finally, Loop Capital upped their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Four investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $140.22.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction 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 sale, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,634,634 shares of company stock valued at $250,524,804. 12.93% of the stock is owned by corporate insiders.

About Palantir Technologies

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.