SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Acquires 20,272 Shares of Palantir Technologies Inc. $PLTR

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 20.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,175 shares of the company’s stock after purchasing an additional 20,272 shares during the period. Palantir Technologies comprises 12.4% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s portfolio, making the stock its 2nd largest position. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s holdings in Palantir Technologies were worth $15,973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLTR. Main Management ETF Advisors LLC raised its position in shares of Palantir Technologies by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 52,776 shares of the company’s stock valued at $7,194,000 after purchasing an additional 864 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in Palantir Technologies by 42.2% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,465,374 shares of the company’s stock worth $199,760,000 after acquiring an additional 434,880 shares in the last quarter. Quilter Plc bought a new stake in shares of Palantir Technologies in the 2nd quarter worth about $282,000. Empirical Finance LLC bought a new position in shares of Palantir Technologies during the second quarter worth about $282,000. Finally, Intrepid Financial Planning Group LLC raised its stake in Palantir Technologies by 1.5% during the second quarter. Intrepid Financial Planning Group LLC now owns 34,613 shares of the company’s stock valued at $4,718,000 after buying an additional 528 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 180,651 shares of company stock valued at $28,679,304. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

PLTR opened at $165.42 on Thursday. The company has a market capitalization of $394.27 billion, a PE ratio of 393.87, a P/E/G ratio of 6.49 and a beta of 2.63. The stock’s fifty day moving average is $180.85 and its 200-day moving average is $157.65. Palantir Technologies Inc. has a one year low of $59.96 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $0.10 earnings per share. Palantir Technologies’s revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PLTR shares. Bank of America lifted their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. DA Davidson raised their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. UBS Group lifted their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. CICC Research increased their price target on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $172.28.

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.