Yoder Wealth Management Inc. Grows Stock Holdings in Palantir Technologies Inc. $PLTR

Yoder Wealth Management Inc. grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,045 shares of the company’s stock after purchasing an additional 144 shares during the period. Yoder Wealth Management Inc.’s holdings in Palantir Technologies were worth $960,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Truist Financial Corp raised its holdings in Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after acquiring an additional 21,809 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Palantir Technologies by 10.8% in the 1st 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 during the last quarter. Golden State Equity Partners raised its holdings in Palantir Technologies by 10.1% in the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company’s stock worth $2,503,000 after acquiring an additional 1,677 shares during the last quarter. Synergy Asset Management LLC raised its holdings in Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock worth $1,312,000 after acquiring an additional 2,606 shares during the last quarter. Finally, FMB Wealth Management purchased a new position in Palantir Technologies in the 2nd quarter worth approximately $223,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Bank of America boosted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, UBS Group reiterated a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $140.22.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $173.07 on Friday. Palantir Technologies Inc. has a 1 year low of $38.78 and a 1 year high of $190.00. The firm has a fifty day moving average price of $168.90 and a 200-day moving average price of $136.63. The company has a market cap of $410.58 billion, a price-to-earnings ratio of 576.92, a PEG ratio of 10.44 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data 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 net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The company’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. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In related news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the transaction, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the completion of the transaction, the director directly owned 50,794 shares of the company’s stock, valued at $9,021,014.40. This represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,591,085 shares of company stock worth $244,676,722. Company insiders own 9.23% of the company’s stock.

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.