WESPAC Advisors SoCal LLC Buys 7,381 Shares of Palantir Technologies Inc. $PLTR

WESPAC Advisors SoCal LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 36.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,849 shares of the company’s stock after buying an additional 7,381 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in Palantir Technologies were worth $3,796,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the second quarter worth $25,000. Frazier Financial Advisors LLC bought a new stake in shares of Palantir Technologies in the second quarter worth $28,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies in the second quarter worth $31,000. Tradewinds Capital Management LLC grew its stake in shares of Palantir Technologies by 147.4% in the second quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the last quarter. Finally, Adirondack Trust Co. grew its stake in shares of Palantir Technologies by 185.0% in the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock worth $39,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In other news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on PLTR shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an “equal weight” rating 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. UBS Group reissued a “neutral” rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Piper Sandler boosted their target price on shares of Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Five 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $141.28.

Palantir Technologies Stock Up 1.9%

PLTR stock opened at $181.59 on Tuesday. The firm has a market cap of $430.79 billion, a price-to-earnings ratio of 605.32, a PEG ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $40.90 and a 12-month high of $190.00. The company’s fifty day simple moving average is $171.50 and its 200 day simple moving average is $144.42.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results 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 net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. Palantir Technologies’s revenue for the quarter was up 48.0% on a year-over-year basis. 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 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.