Jeppson Wealth Management LLC Takes Position in Palantir Technologies Inc. $PLTR

Jeppson Wealth Management LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, Holdings Channel.com reports. The firm purchased 2,435 shares of the company’s stock, valued at approximately $332,000.

A number of other institutional investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new position in Palantir Technologies in the fourth quarter worth approximately $450,000. Bison Wealth LLC grew its stake in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Palantir Technologies by 132.4% during the fourth quarter. Two Sigma Investments LP now owns 55,083 shares of the company’s stock valued at $4,166,000 after purchasing an additional 31,383 shares in the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in Palantir Technologies in the 4th quarter worth approximately $210,000. Finally, BridgePort Financial Solutions LLC bought a new stake in Palantir Technologies in the fourth quarter worth $188,000. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PLTR. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Bank of America lifted their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Citigroup restated a “neutral” rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $140.22.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction on 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 transaction, the insider owned 50,961 shares in the company, valued at $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value of $1,598,400.00. Following the sale, the director owned 50,794 shares in the company, valued at approximately $9,021,014.40. This trade represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,634,634 shares of company stock worth $250,524,804 over the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Down 1.6%

Shares of NASDAQ PLTR opened at $179.56 on Thursday. The company has a 50-day moving average of $165.17 and a 200 day moving average of $131.89. The stock has a market cap of $425.98 billion, a PE ratio of 598.55, a P/E/G ratio of 10.29 and a beta of 2.59. Palantir Technologies Inc. has a 12-month low of $36.05 and a 12-month high of $190.00.

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