Palantir Technologies Inc. $PLTR Shares Bought by Inman Jager Wealth Management LLC

Inman Jager Wealth Management LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 19.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,048 shares of the company’s stock after acquiring an additional 1,948 shares during the quarter. Palantir Technologies comprises 1.1% of Inman Jager Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Inman Jager Wealth Management LLC’s holdings in Palantir Technologies were worth $1,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies in the first quarter worth about $25,000. Signature Resources Capital Management LLC purchased 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 stake in shares of Palantir Technologies in the first quarter worth about $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new stake in shares of Palantir Technologies in the second quarter worth about $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred on 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 $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred 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 owned 62,087 shares in the company, valued at $11,572,395.93. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock valued at $244,714,146 over the last three months. Company insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PLTR. Cantor Fitzgerald upped their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada upped their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Bank of America increased their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Stock Performance

Shares of PLTR opened at $175.44 on Friday. The company has a market capitalization of $416.20 billion, a P/E ratio of 584.82, a P/E/G ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $40.36 and a one year high of $190.00. The stock has a 50-day moving average price of $171.32 and a 200 day moving average price of $140.05.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Palantir Technologies’s revenue for the quarter was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.