Thrive Wealth Management LLC Grows Stock Position in Palantir Technologies Inc. $PLTR

Thrive Wealth Management LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,306 shares of the company’s stock after buying an additional 376 shares during the quarter. Thrive Wealth Management LLC’s holdings in Palantir Technologies were worth $587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Palantir Technologies by 10.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after acquiring an additional 1,135,841 shares in the last quarter. Fox Hill Wealth Management raised its position in Palantir Technologies by 5.9% in the second quarter. Fox Hill Wealth Management now owns 41,470 shares of the company’s stock worth $5,653,000 after acquiring an additional 2,325 shares in the last quarter. Bank of New Hampshire raised its position in Palantir Technologies by 11.4% in the second quarter. Bank of New Hampshire now owns 19,842 shares of the company’s stock worth $2,705,000 after acquiring an additional 2,023 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company’s stock worth $4,191,000 after acquiring an additional 6,479 shares in the last quarter. Finally, Garrison Bradford & Associates Inc. purchased a new position in Palantir Technologies in the first quarter worth $45,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on PLTR shares. Cantor Fitzgerald increased their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Bank of America raised their price target on Palantir Technologies from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $138.28.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $170.26 on Wednesday. The stock’s 50-day moving average is $161.32 and its 200-day moving average is $128.32. The company has a market cap of $403.91 billion, a price-to-earnings ratio of 567.55, a price-to-earnings-growth ratio of 9.65 and a beta of 2.59. Palantir Technologies Inc. has a 12 month low of $35.71 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,625,634 shares of company stock worth $248,926,404. Insiders own 12.93% of the company’s stock.

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.