Insight Wealth Partners LLC Has $440,000 Holdings in Palantir Technologies Inc. $PLTR

Insight Wealth Partners LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,229 shares of the company’s stock after acquiring an additional 643 shares during the quarter. Insight Wealth Partners LLC’s holdings in Palantir Technologies were worth $440,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PLTR. Kingstone Capital Partners Texas LLC acquired a new position in Palantir Technologies in the 2nd quarter worth about $2,543,888,000. Nuveen LLC acquired a new position in shares of Palantir Technologies during the 1st quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. Finally, Amundi increased its holdings in shares of Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after acquiring an additional 3,815,386 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 2.3%

PLTR opened at $184.63 on Friday. The firm has a market capitalization of $438.01 billion, a P/E ratio of 615.45, a price-to-earnings-growth ratio of 9.78 and a beta of 2.60. The stock’s 50 day moving average price is $171.35 and its two-hundred day moving average price is $146.34. Palantir Technologies Inc. has a 12-month low of $40.90 and a 12-month high of $190.00.

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 analysts’ consensus estimates 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 analyst estimates of $939.29 million. During the same quarter last year, the firm posted $0.09 EPS. The company’s revenue 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. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the firm’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 value of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of analyst reports. UBS Group reissued a “neutral” rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Loop Capital increased their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and increased their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Piper Sandler raised their target price on Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $141.28.

Palantir Technologies Company 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.