Palantir Technologies Inc. $PLTR is Rockline Wealth Management LLC’s 5th Largest Position

Rockline Wealth Management LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,590 shares of the company’s stock after purchasing an additional 6,357 shares during the quarter. Palantir Technologies comprises 3.8% of Rockline Wealth Management LLC’s portfolio, making the stock its 5th biggest holding. Rockline Wealth Management LLC’s holdings in Palantir Technologies were worth $16,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLTR. Mechanics Financial Corp bought a new position in shares of Palantir Technologies during the first quarter worth $25,000. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies in the first quarter worth about $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the 1st quarter valued at approximately $27,000. Finally, Briaud Financial Planning Inc bought a new stake in Palantir Technologies in the 2nd quarter worth approximately $27,000. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares of the company’s stock, valued at $8,000,877. The trade was a 5.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,527,750 shares of company stock valued at $234,463,896. 12.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on PLTR. Piper Sandler increased their target price on Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and upped their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, October 28th. Five equities research 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $142.00.

Palantir Technologies Trading Up 3.3%

PLTR stock opened at $207.18 on Tuesday. The stock has a market cap of $491.50 billion, a PE ratio of 690.62, a P/E/G ratio of 10.87 and a beta of 2.63. Palantir Technologies Inc. has a 12 month low of $41.03 and a 12 month high of $207.52. The company has a 50-day moving average price of $175.75 and a 200 day moving average price of $151.99.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.